CA Taxpayers Lose $1 Billion From Unconsitutional Bond Sales
October 5, 2009
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PRINTBloomberg.com released a report on the corrupt practice of "school district refinancing." This practice, in which banks encourage school districts to refinance for some extra cash, actually just increases taxpayer debt and property taxes by a decade. To top it off this money is spent irresponsibly, while school violence flairs and school facilities fall apart.
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