California Backs $9 Billion School Bonds Blasted by BrownBy
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.
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