Will Citizens' Bond Oversight Committees Crumble Against Union Power?
Numerous local K-12 school districts and community college districts throughout California have entangled themselves in controversies over facilities construction funded by borrowed money obtained through bond sales. These controversies include the irresponsible sale of Capital Appreciation Bonds, inappropriate expenditures using bond proceeds, and questionable contracts for bond underwriting, construction program management, and project delivery. There has even been overt...