It's increasingly more challenging to tackle projects when you are always tasked with doing more with less. As you prepare the 2019 budget, there are a variety of funding tools available outside of traditional financing methods that can help accelerate your school’s ability to fund important projects and allow you to start realizing the benefits sooner.
Schools are accustomed to using cash, bonds, and bank loans to finance various projects. The graphic below outlines three alternative funding solutions that can address different challenges for schools. There are a variety of factors that contribute to the suitability of each funding option; this is meant to serve as a starting place for considering alternative financing methods.
Schools are forced to prioritize projects within budget constraints, which means not all needs can be addressed at the same time. By considering alternative funding options like the ones outlined above, you can start projects sooner, and save money in the long-run.
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