A bond election is a community vote on whether to give a school district permission to borrow money to make improvements. Just like people might take out a mortgage to buy a house, school districts borrow money for construction, renovation, equipment, buses, etc., and then repay that money over time. Putnam City, like the huge majority of school districts in Oklahoma and across the nation, use bonds to pay for needed improvements.
By law, bond funds can only be used for purposes such as building construction or renovation, purchase of equipment, technology and textbooks and purchase of buses. Bond funds may never be used for salaries.