K-12 education funding in Oregon is complex, and funding for capital projects, including new construction and renovations, remains primarily the responsibility of local school districts and is usually financed through bond sales. Less than one percent of the district’s total year-to-year budget (often called the State Schools Fund allotment or SSF) is available for facility projects.
Small amounts of money are available, but are limited in scope and may require a bond to be approved by voters before the funding is available. Examples include:
During the 2023-24 school year, the fund supported about $2M in projects, including:
For the 2024-25 school year, the fund will support about $1.6M in projects, including:
School bonds work a lot like home loans. Once authorized by the district’s voters in an election, a bond set at a specific amount can be issued by a school district to pay for capital projects, including maintenance and renovations, new school construction, and property purchases for future schools. Passing a bond measure authorizes the taxes that pay back the bond over several years.