School District Approves Bond Sales

The Santa Barbara school district approved the sale of additional bonds at last week’s board meeting to the tune of $20 million for elementary schools and $35 million for high schools. Concerns statewide about capital appreciation bonds and the role of underwriters in school district-related political campaigns led to several questions from the school board before the vote. With the new income, the board also voted to continue a relationship with TELACU Construction Management to plan and prioritize capital projects.