Event Title

Do School District Bond Guarantee Programs Matter?

Presenter Information

Michael Cirrotti, Providence College

Location

Slavin Center

Start Date

23-4-2014 12:00 AM

End Date

23-4-2014 12:00 AM

Description

The State of Washington enacted a school district bond credit enhancement program in 1999. Oregon did the same in 1998. I use data from the National Center for Education Statistics for a representative sample of states in order to examine whether or not these programs increased the likelihood that school districts in Washington and Oregon issued bonds. I isolate the programs’ impact in Washington and Oregon through difference-in-differences analysis to control for other variation in the data in ten other representative states during the same time period. The results suggest that state-level school district bond guarantee programs increase the likelihood of district bond issues.

 
Apr 23rd, 12:00 AM Apr 23rd, 12:00 AM

Do School District Bond Guarantee Programs Matter?

Slavin Center

The State of Washington enacted a school district bond credit enhancement program in 1999. Oregon did the same in 1998. I use data from the National Center for Education Statistics for a representative sample of states in order to examine whether or not these programs increased the likelihood that school districts in Washington and Oregon issued bonds. I isolate the programs’ impact in Washington and Oregon through difference-in-differences analysis to control for other variation in the data in ten other representative states during the same time period. The results suggest that state-level school district bond guarantee programs increase the likelihood of district bond issues.