EdSource Today (3/22, Fensterwald) reports that the California state Assembly Education Committee unanimously passed a measure to "severely restrict school districts' ability to float construction bonds that would saddle future taxpayers with huge balloon payments," despite the opposition of education groups. "By deferring payments on the bonds for sometimes decades and extending the term of the bonds to 30 or 40 years, districts can end up paying interest amounting to 10 times the principal or more, instead of twice the principal as is common for a standard 25-year school bond."
agree,,, taxi restrictions will reduce vehicle congestion
ReplyDelete