This Bloomberg story on how schools are refinancing existing bond debt is interesting–not only because it points out that school districts around the state may be increasing property taxes without anyone’s knowledge, but also because AG Jerry Brown is suing these districts, calling their actions unconstitutional. In the story, the Compton Unified School District is used as one of the examples. Only one out of seven trustess in Compton objected to the district’s bond refinancing scheme, saying, "Why don’t we have hearings so the community can have input on these bonds? We sit up here and shove it in their throats.” Read the full story here.
