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fire protection bond information
What is the Difference between a bond and a levy?
A Levy is a tax that is collected for ongoing expenses. It continues over time at a set amount and can only rise by 1% in WA.
A Bond is a loan that a public entity takes out for capital improvements like buildings. Borrowed money is paid back over a fixed time. Similar to a mortgage. Bonds may be issued in parts and they may be retired or paid off early.
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