Introduction
Virginia county governments are required to put bond issuance to a voter referendum in order to borrow money on behalf of the county. Bond issuance is usually used by governments to raise money for large capital expenditures, and those bonds are repaid to their purchasers at a later date with interest. Bond referendums in Fairfax County historically pass by a large margin, in large part because people think they are voting in favor of the agencies that will benefit. After all, who wants to vote ‘against’ schools, parks, or transportation? Many voters do not realize that bond issuance contributes to government debt and should be used sparingly.
Fairfax County School Bonds
Citizens of Fairfax County will be asked through a bond referendum to authorize the Board of Supervisors to borrow up to $232.6 million to fund Fairfax County Public Schools (FCPS). This money, in addition to bonds previously issued and other funding, will be used for building new schools and improving existing ones.



