To:
The California State House, The California State Senate, and Governor Gavin Newsom
Outlaw School District Use of Capital Appreciation Bonds
Capital Appreciation Bonds expose California public school districts to excessive future financial obligations and risk. We urge you to pass legislation outlawing the use of these bonds by California public school districts.
Why is this important?
As the Los Angeles Times has demonstrated, Capital Appreciation Bonds expose school districts to excessive future financial obligations and risk.
