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MORE ON: bonds

Spotlight: K–12

Controversial school bonds create ‘debt for the next generation’

January 31, 2013, 7:30 AM
Hundreds of California school districts have turned to a controversial form of borrowing called capital appreciation bonds, with payments not due for decades and interest costs as high as 23 times the amount borrowed. + read more
Daily Report: Money and Politics

Unspent bonds cost state millions in interest payments

November 7, 2012, 12:01 AM
Some California agencies and departments have been slow to distribute proceeds from bond sales for local projects, costing the state at least $49 million in interest each year even as it has struggled to address chronic budget shortfalls. As of June, according to the most recent figures... + read more
Daily Report: Money and Politics

Feds urged to crack down on donations to bond measures

September 21, 2012, 12:05 AM
Critics of political donations to school bond campaigns from companies that profit from the bonds are urging federal regulators to take bolder steps against what they call a “pay to play” practice. The California Association of County Treasurers and Tax Collectors, as well as some... + read more
Daily Report: Higher Ed

Community college districts' bonds inflate taxpayers' repayments

August 22, 2012, 12:05 AM
Several California community college districts have sold bonds that allow them to put off payments for up to 40 years, causing the total repayment to cost taxpayers from five to nine times the principal. Poway Unified School District made headlines this month for issuing a bond for $108... + read more
Daily Report: Public Safety

Bonds’ lawyer probes inconsistencies in business manager’s story

March 24, 2011, 11:05 AM
Barry Bonds’ onetime business manager left the witness stand Thursday after four hours of questioning that exposed inconsistencies and inaccuracies in his account of the former Giants star as a serial steroid user. In response to, methodical cross examination by Allen Ruby, Bonds’... + read more
Daily Report: Money and Politics

JPMorgan Chase makes millions on California bonds

September 8, 2010, 12:05 AM
JPMorgan Chase & Company, the global financial services firm which received a $25 billion federal bailout and is now reaping huge profits, has made tens of millions of dollars floating California bonds.  But you won't find that figure in the full-page ads that have appeared in... + read more
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