School District Mulls Bond Options

With a recent assessment projecting that needed school repairs total about $200 million, the Santa Barbara district hopes to sell more Measure Q and R bonds this summer. Discussion at the last board meeting centered around whether the district should sell current interest bonds, putting a greater short term burden on taxpayers but saving money in the long run, or if it should consider capital appreciation bonds which have received much media scrutiny lately due to the wanton issuance of them by some California districts.

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