Tag "capital appreciation bonds"
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School bond problems go far beyond LAUSD purchase of iPads
Gov. Jerry Brown’s skepticism about state assistance for local school districts’ construction projects appears to be primarily based on an intense disdain for adding more billions to what he likes to call the state’s “wall of debt.” But a counter
Read MoreWill Assembly education chair heed own words on bond abuses?
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
Read MoreBond scandal now has villain; prosecutor, come on down
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.
Read MoreL.A. Unified uses ‘construction bonds’ to buy $500 million in iPads
Feb. 14, 2013 By Chris Reed My five-month-old crusade to get the California mainstream media to acknowledge the insanity of “construction bonds” which take 30 years to pay off being used routinely by school districts for short-lived electronics and basic
Read MoreParcel tax push: School finance debate must not ignore scandals
Jan. 17, 2013 By Chris Reed If we are going to have a debate about school finances in California because of the Legislature’s interest in making it easier for school districts to get parcel taxes approved to boost their budgets,
Read MoreL.A. Times’ analysis on crazy school borrowing omits why it’s done
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
Read MoreThe right way, the wrong way, and the Poway of school bond financing
Aug. 8, 2012 By Wayne Lusvardi Imagine you can get in a time machine and fast-forward to the year 2032 in the Poway Unified School District, the third largest school district in San Diego County. In that year, $981 million in
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