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RELIGION, CURRENT EVENTS, TECHNOLOGY Subscribe to the breaking newsWhat is RSS?
FRONT PAGE  |  9/17/2014
FRIDAY, AUG 10, 2012  |  3 comments
California School District Will Spend $1 Billion to Borrow $100 Million

It’s being called a loan not even a subprime lender would make.

A school district north of San Diego, Poway Unified, borrowed $105 million over 40 years by selling a bond so unusual that the State of Michigan outlawed it years ago. Taxpayers in the area will end up with a nearly $1 billion bill at the end of this deal.

The Poway school district is not the only one — three other California school districts in San Diego are set to gouge taxpayers in similar fashion. The San Diego Unified School district borrowed $164 million up front, but will owe a whopping $1.3 billion at the end of its long-term bond. Oceanside Unified sold a $30 million bond, but will owe nearly ten times as much decades later, $280 million total. And Escondido Union School District likewise borrowed $27 million and will owe $247 million total. (Will Carless and Joel Thurtell at the Voice of San Diego, a local blogger, has ...


CLICK HERE to Read Entire Article
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|  START  |  Recommended sermons | more..
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OTHER RECENT NEWS | MORE..

COMMENTS | show all | add new  
    Sorting Order:  
· Page 1 ·  Found: 3 user comment(s)
News Item8/12/12 4:57 AM
R.gr | australia  Find all comments by R.gr
equals slavery
3

News Item8/11/12 3:54 PM
Mike | Florida  Find all comments by Mike
Parents.... Homeschool your children! Get your priorities straight.
2

News Item8/10/12 12:58 PM
Eirene  Find all comments by Eirene
... and now all the kids that once received the education that these bonds paid for can come on here and lecture everybody else about fiscal irresponsibility.
1
There are a total of 3 user comments displayed | add new comment |Subscribe to these comments
Last PostTotal
Table Manners: Why We Take Communion Every Week
james thomas from florida: "“who then can be saved?” but jesus looked at them and..."
-50 min 130 
Pastor Gets Jail Time for Noisy Church
jessica dawson from canada: "i have been to church services where the volume is so..."
-58 min 17 
Isil want to assassinate the Pope, says Iraq's ambassador to...
john uk from wales: " christopher000 the pope had better take this seriously, no..."
-3 hrs 11 


The Briefing 05-16-14

Randy Wages
Religious La-La Land

Religious La-La Land
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Eager Avenue Grace Church
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