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Citing CPC study, new Assembly bill seeks to stop runaway school bond debt

Citing CPC study, new Assembly bill seeks to stop runaway school bond debt

AB 2116 author Rep. James Gallagher (R-Sacramento Valley) says his bill would limit the ability of school districts to take on debt through new bonds – even authorizing county auditors to stop spending if bond “funds are not being spent appropriately.” “Borrowing for school construction has exploded in the last decade,” Gallagher said.“As borrowing hits record highs, it […]