Prop. 51 Versus a State-Owned Bank: How California Can Save $10 Billion on a $9 Billion Loan
School districts are notoriously short of funding - so short that some California districts have succumbed to Capital Appreciation Bonds that will cost taxpayers as much as 10 to 15 times principal by the time they are paid off. By comparison, California's Prop. 51, the school bond proposal currently on the ballot, looks like a good deal.