San Diego Politics & Media Mashup

Cross-posted at San Diego Rostra

I want to highlight a story in Thursday’s U-T San Diego: “Tax Group to Oppose San Diego School Bonds”It’s worthyour attention because it does a nice job of laying out a financial crisis similar to the one in Poway that has received national attention.

In short, the San Diego Unified School District is Poway By The Sea.

In Poway, a $105 voter-approved tax is going to cost $1 billion to pay back.In San Diego, Proposition S, which voters approved four years ago for $2.1 billion, is going to end up costing $10 to $14 billion with interest. That’s not a typo.

As the U-T story notes, “thedistrict has issued $530 million of the Proposition S bonds, which will… Read More