A slew of consultants who brokered Poway Unified’s notorious $1 billion capital appreciation bond deal in 2011 are up for more bond work Wednesday night — though it’s unclear how much they stand to make.
Two school board incumbents who rigidly supported the district’s use of capital appreciation bonds were voted out Tuesday, while a third stepped down.
A lot has changed since May 2011 that would make a property tax hike less destructive than it would have then.
Poway is meeting with a financial adviser who says he can save the district millions on its billion-dollar bond mess. At least three financial experts say there’s plenty of reason to be wary of the pitch.
The poster child for irresponsible school bond borrowing says it can cut down on its billion in debt, but the deal raises a lot of questions.
There’s been a marked decrease in the number of districts taking out capital appreciation bonds.
San Diego Unified trustee Scott Barnett at times sees himself as the only one on the board in touch with reality, especially when it comes to finances.
Legislation aimed at quelling irresponsible behavior in California’s school bond industry will go to the governor’s desk — with a couple of key loopholes.
Grand jury reports from the Bay Area to San Diego take aim at capital appreciation bonds.
A bill co-authored by a local legislator aimed at limiting the use of controversial bond financing is getting closer to becoming law.