Thursday April 22, 2021

California School Owes $1 Billion On $100 Million Loan

More than 200 school districts across California are taking a second look at the high price of the debt they’ve taken on using risky financial arrangements. Collectively, the districts have borrowed billions in loans that defer payments for years — leaving many districts owing far more than they borrowed – with at least one owing $1 billion on a $100 million loan.  More…

Posted by at December 11, 2012
Filed in category: Outrageous, Politics, Shocking, Tabloid,

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