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⚠️ Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
Findings and Recommendations
1 findings
CABs shift large, compounding interest costs to future taxpayers and will inevitably compound the burdens school districts face in operating effective schools for their students in the future. Orchard Elementary 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)
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. Orchard School District agrees and will adopt administrative regulations by February 2014 indicating its intent to comply with the moratorium called for by the State Treasurer and the State Superintendent of Public Instruction against the issuance of Capital Appreciation Bonds.
No Responses Found
1
Government entities assigned to respond to this report. No response documents have been linked in our database.
