On Feb 21, 2024 the Oakland School Board decided to refer a bond measure to the voters in the upcoming May 2024 ballot. The money supply has to decrease if you want interest rates to increase.This Invitation to Tender Bonds, dated October 26, 2023 (as it may be amended or supplemented, this. I. Approach to Debt Management. The City's approach to its financings is to ensure continued market access at the lowest cost of borrowing. The point being that this bond funding was envisioned to be the puzzle piece to complete proposals that need a bit more money to become viable.