“…In the West Contra Costa Schools' case, that $2.5 million bond will cost the district a whopping $34 million to repay…suburban San Diego's Poway Unified School District, which borrowed a little more than $100 million. But “debt service will be almost $1 billion,” … “Poway has done nothing different than every other district in the state of California,” Collins told the program. And he's right… Back in the '90s, the state of Michigan banned capital appreciation bonds altogether….”
If Michigan banned a form of school financing 20 years ago, you know it is bad.
