California's schools borrow money.

[Swampy]

If taxpayers aren't willing to pay for a new school, the school district officials decided to issue bonds - IOW, borrow money to spend money that taxpayers weren't willling to spend.

And, if the district goes bankrupt, who's going to foot the bill?

But not to worry - salaries for California school superintendents are rising.

[Sir John]

INSANE!

Have they learned NOTHING from the past few years? What idiot would buy these Bonds?

What idiot would buy ANY bond?


SJ

[boxcar]

Issue bonds to borrow more money…..

I know of one California school teacher who is retired and went back to the school system to work as a substitute teacher, so those teachers with unspent sick-days can take their sick days as vacation. She gets 75% of her retirement pay and full pay as a teacher while doing so.

The other teachers are using their sick days as entitlements.

Now you talk about double dipping….and the school system always comes back with their hand out, asking for more money.