Bonds

Shall Fairfax County, Virginia, contract a debt, borrow money, and issue capital improvement bonds in the maximum aggregate principal amount of $460,000,000 for the purposes of providing funds, in addition to funds from school bonds previously authorized, to finance — including reimbursement to the County for temporary financing — the costs of school improvements?

These improvements may include acquiring, building, expanding, and renovating properties, including new sites, new buildings or additions, renovations and improvements to existing buildings, and furnishings and equipment.

The FY 2026–FY 2030 CIP anticipates using bond proceeds to fund the next stages of school renovation projects that are currently ongoing, as well as other projects identified in the Plan document. Land acquisition, project planning, and actual construction are usually completed in phases over a period of years. The phases are typically paid from sequential bond issues to allow timely implementation of the projects without issuing bonds for construction costs earlier than necessary.

Renovation projects are generally intended to upgrade the life safety, environmental, electrical, security, and telecommunications systems of school buildings, and bring aging school facilities into full compliance with legal requirements such as the Americans with Disabilities Act and federal and state storm water quality and quantity requirements. The improvements provide updated site features including, where practicable, additional parking, recreational fields, accessibility, site lighting, and improved traffic patterns. Upgrades also seek to increase energy efficiency and overall environmental sustainability of school facilities.