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2025 School Bond Qualification and Loan Program Annual Report

2025 Qualified School Bond Election Results

School districts are required to hold qualified school bond elections on one of three regular elections dates in May, August, or November. Under limited circumstances, school districts may hold an election on one of a select number of special election dates as an alternative.

Sixty-three qualified school bond elections were held in 2025. Twenty-nine of these elections resulted in passed proposals for the districts, which make the overall passing rate 45 percent. Thirty-five elections failed.

The amount of bonds voted on was $3.5 billion with $1.4 billion approved, resulting in a passing rate of 41 percent (based on dollar amount). See Appendix A for a detailed listing of qualified school bond election results.

Qualified Bonds Voted and Passed (01/01/2016 Through 12/31/2025)

This exhibit compares the value of school bond proposals submitted to voters with the amount approved. The data indicates that approval rates varied across the 10- year period. In 2025, approximately 3.5 billion dollars in bond proposals were presented to voters, and about 1.4 billion dollars were approved.

Year

Amount Voted

Amount Passed

% Passed

Amount Failed

% Failed

2016

1,458,000,000

1,045,960,000

71.7%

412,040,000

28.3%

2017

1,401,115,000

815,010,000

58.2%

586,105,000

41.8%

2018

1,732,500,000

1,552,640,000

89.6%

179,860,000

10.4%

2019

2,852,960,000

1,877,510,000

65.8%

975,450,000

34.2%

2020

2,477,755,000

2,179,995,000

88.0%

297,760,000

12.0%

2021

2,242,985,000

1,703,415,000

75.9%

539,570,000

24.1%

2022

3,599,270,000

2,677,730,000

74.4%

914,840,000

25.4%

2023

3,756,985,000

2,332,195,000

62.1%

1,424,790,000

37.9%

2024

3,707,945,000

2,110,715,000

56.9%

1,597,230,000

43.1%

2025

3,528,445,000

1,457,700,000

41.3%

2,070,745,000

58.7%

Totals

37,943,375,010

23,879,150,000

62.9%

14,057,525,010

37.0%

Exhibit 3 Qualified Bonds Voted and Passed

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