School bonds to cost taxpayers much more in financing

Some school districts in Kern County and throughout California are borrowing billions of dollars in bonds that will end up costing up to 20 times the original loan.

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Dragon - 11/29/2012 3:44 PM
0 Votes
Those who have dealt with this particular school district learned rapidly that they have no management skills. Teachers might be the best, but management is very sad. They remind me of unskilled laborers.

ginny - 11/29/2012 3:00 PM
3 Votes
Sadly, taxpayers are never given the actual payoff cost when they approve bonds. This is nothing new. If people demanded to know what the final cost at payoff time was going to be I believe we would see every single bond proposal fail. Just imagine how much the High Speed Rail bonds that the Gov and Legislature want to do are going to cost us in the end since the initial bonds will be for approx. 46 million.
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