BREAK THE BONDS
OUR TAXES, OUR NEEDS
On May 15, 2024, The Break the Bonds-South Florida campaign filed litigation against the Comptroller of Palm Beach County for investing 700 million dollars of taxpayer dollars into Israel war bonds that fuel human rights violations in Gaza.
This investment is a violation of Florida statutes governing public official’s investments made with taxpayer dollars.
What are Israel Bonds?
When someone is purchasing Israel Bonds, they are essentially giving a loan to the Israel Government. The money goes to the Israeli Treasury’s General Account and is invested in multiple human rights violations. The bonds are associated with different periods of time—ten years, two years, or one year. This amount of time corresponds with how long the Israeli government has to the purchaser back for the bond with interest.
In Palm Beach County, $700 million dollars worth of bonds were invested in. In three years, that money will be returned to Palm Beach County’s bank account with interest.
It’s time to divest.
Break the Bonds South Florida is demanding that when the money comes back to Palm Beach County’s bank account, it is reinvested in local needs determined by Palm Beach County residents and not re-invested in human rights violations.
Palm Beach County is the world’s largest investor in Israel war bonds—more than any other county, state, or private investor.
We demand divestment from death and displacement in the Global South and reinvestment in local community policies that will build the stability and people-power of Palm Beach residents.