How California School and College Districts Acquire and Manage Debt (Section 4 of 9)

By Kevin Dayton
07/21/2015
See the complete California Policy Center report For the Kids: California Voters Must Become Wary of Borrowing Billions More from Wealthy Investors for Educational Construction (complete, printable PDF Version, 4 MB, 361 pages) Links to all sections of this study readable online: Executive Summary: “For the Kids” – Comprehensive Review of California School Bonds (1 of 9)...

TAGS: Capital Appreciation Bonds, Prop 39 (2000), Proposition 39 (2000), Zero Coupon Bonds

Capital Appreciation Bonds: Disturbing Repayment Terms (Section 5 of 9)

By Kevin Dayton
07/21/2015
See the complete California Policy Center report For the Kids: California Voters Must Become Wary of Borrowing Billions More from Wealthy Investors for Educational Construction (complete, printable PDF Version, 4 MB, 361 pages) Links to all sections of this study readable online: Executive Summary: “For the Kids” – Comprehensive Review of California School Bonds (1 of 9)...

TAGS: Capital Appreciation Bonds, Zero Coupon Bonds

More Trouble with Bond Finance for Educational Construction (Section 8 of 9)

By Kevin Dayton
07/21/2015
See the complete California Policy Center report For the Kids: California Voters Must Become Wary of Borrowing Billions More from Wealthy Investors for Educational Construction (complete, printable PDF Version, 4 MB, 361 pages) Links to all sections of this study readable online: Executive Summary: “For the Kids” – Comprehensive Review of California School Bonds (1 of 9)...

TAGS: Capital Appreciation Bonds, Prop 39 (2000), Proposition 39 (2000), Zero Coupon Bonds

Table A-5 Arguments for Capital Appreciation Bonds

By Kevin Dayton
07/21/2015
See the complete California Policy Center report For the Kids: California Voters Must Become Wary of Borrowing Billions More from Wealthy Investors for Educational Construction (complete, printable PDF Version, 4 MB, 361 pages) See the complete California Policy Center report For the Kids: California Voters Must Become Wary of Borrowing Billions More from Wealthy Investors...

TAGS: Capital Appreciation Bonds

Table A-6 Arguments Against Capital Appreciation Bonds

By Kevin Dayton
07/21/2015
See the complete California Policy Center report For the Kids: California Voters Must Become Wary of Borrowing Billions More from Wealthy Investors for Educational Construction (complete, printable PDF Version, 4 MB, 361 pages) Links to all sections of this study readable online: Executive Summary: “For the Kids” – Comprehensive Review of California School Bonds (1 of 9)...

TAGS: Capital Appreciation Bonds

The Looming Bipartisan Backlash Against Unionized Government

By Edward Ring
08/26/2014
Whenever discussing politically viable policy proposals to improve the quality of life in California, the imperative is to come up with ideas that strongly appeal to moderate centrists, since that is how most Californians would describe themselves. And there are two compelling issues that offer that appeal: making California’s system of K-12 education the best...

TAGS: Capital Appreciation Bonds, Charter schools, education reform, financial sustainability, Pension Obligation Bonds, pension reform, school choice

The Misleading and Incomplete Financial Disclosures of Public Institutions

By Edward Ring
02/26/2013
Last week the California Public Policy Center published a study assessing the impact of new regulations issued by the Government Accounting Standards Board. The new ruling will require public entities to recognize unfunded pension liabilities on their balance sheets. This is a major reform. But it points to a larger issue. California’s state and local...

TAGS: Capital Appreciation Bonds, Pension Obligation Bonds