Tuesday, May 9, 2017

After years of bribery in school construction

Cost pressures facing school districts are very real

As we know by now, school districts in California have been on a bribery spree between developers and school boards.  The result was a massive expansion of school capacity with level of declining enrollment. Then, added to the problem, pension obligations have gotten worse, not better.  Now, as all the school districts go on a borrowing spree to cover the obligation, as well as the Swamp going on a borrowing spree, rates are up and the recession is on us.

And this:

Blame California for the  recression.

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