Santa Clara County Grand Jury • 2012-2013

(endorsed Union School District Jun 28 2013*

Published: June 13, 2013 2 pages
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Findings and Recommendations 1 findings

F1
CABs shift large, compounding interest costs to future taxpayers and will inevitably compound the burdens school district face in operating effective schools for their students in the future. Union School District Agrees that every school district in the state should impose a moratorium on issuing CABs. The moratorium should remain in effect until the Governor and Legislature decide on reforms in the current legislative session. If reforms are enacted, subsequent CABs deals can be conducted in compliance with the new statutory requirements.
Related Recommendations (1)
R1
Each school district in Santa Clara County should adopt a board policy and any necessary administrative regulation indicating its intent to comply with the moratorium called for by the State Treasurer and the State Superintendent of Public Instruction. Union School District Agrees and will adopt administrative regulations in the fall of 2013 indicating its intent to comply with the moratorium called for by the State Treasurer and the State Superintendent of Public Instruction. . .

No Responses Found 1

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Union Elementary School District School District

* This report's PDF did not contain easily extractable text and required Optical Character Recognition (OCR) for analysis. There may be minor errors in the extracted findings and recommendations due to OCR limitations with scanned documents.