By Jon Coupal, includes “Recently, this column exposed the foolishness of two proposed statewide bond measures: A $15 billion school bond, which will be on the March 3 ballot, as well as a ‘climate resiliency’ bond. … But at the local level, taxpayers need to be aware of a recent resurgence in the use of pension obligation bonds, a risky financing method that fell out of favor during the recession but is now making a comeback. …”
Read the full article on: The Daily Breeze (California)