February 1, 2013 | Posted At: 09:30 AM | Author: Alexander Russo | Category: (Who Cares What) Research Says , The Business Of Education
Morning Video: Districts In 28 States Face Ballooning Bond Payments
This California Watch report shows how more than a thousand districts in 28 states are using a new kind of bond financing that makes building cheap in the present but extremely expensive when it comes to paying off the debt. Roughly 400 CA districts have borrowed $9B but will have to pay back $36B.
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