California Backs $9 Billion School Bonds Blasted by Brown

Updated on
  • It’s the first state education debt measure in a decade
  • Developers, education advocates campaign in support of bond

California is poised to take advantage of near-record low rates and its highest credit rating since 2001 by borrowing to fix crumbling schools. Democratic Governor Jerry Brown, who helped lead the turnaround to surpluses from deficits, doesn’t want it to.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.