Tag "CABs"

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Will Assembly education chair heed own words on bond abuses? 3

June 29, 2013 By Chris Reed A bill that would prevent expedient, irresponsible school districts from issuing insane “capital appreciation bonds” that can’t be paid off early and that cost, over the long term, 10 to 20 times as much

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Bond scandal now has villain; prosecutor, come on down 7

Feb. 18, 2013 By Chris Reed The steadily building scandal involving school districts and capital appreciation bonds now has a specific villain — and the potential for a criminal investigation by Orange County’s district attorney or the state attorney general.

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Driving K-12 scams: push to preserve automatic teacher raises 1

Feb. 12, 2013 By Chris Reed The state Senate committee report last week showing districts stealing federal funds meant for school lunch programs came as no surprise to students of California’s education establishment. There’s a strange mentality afflicting school governance

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L.A. Times’ analysis on crazy school borrowing omits why it’s done 5

Nov. 29, 2012 By Chris Reed The Los Angeles Times has printed an analysis piece on the insane borrowing by dozens of California school districts using “capital appreciation bonds” (CABs), which delay any repayment for 20 years and often cost

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