This allows additional property taxes to be levied which can be used by the district with no strings attached. Most districts either have or try to have operating referendums in place, at least at some level. Many districts are already at their cap levels and cannot further extend revenues in this manner. In theory, the amount of money generated in this manner, up to the cap limit, is a function of the willingness and ability of the community to support education in their district. Bond Issues Districts are also allowed to have bond issues.
Bond issues are for specific amounts to be used for specific non-operating expenses.
Again, the community votes for the bond which results in additional property taxes. The district then borrows money by issuing bonds, which the taxpayers will pay back over time. Thus, the district has the money immediately available to spend. The district must specify the purpose of the bond, which is only for material things, computers, equipment, upkeep or new construction in the district. The money can't be used to pay salaries or run programs.