Poway Bond Financing Controversy Covered by The New York Times

The national media continue to analyze the bond, which has sparked a debate on how schools finance large construction projects.

The debate about a issued by the Poway Unified School District continues, with a and stories in the mainstream media. U-T San Diego posted a story Friday with the headline “High Cost of School Bond Shocks Poway.”

PUSD’s bond made the pages of The New York Times, which posted a story Thursday that said the district “borrowed money last year on terms that even Countrywide would have laughed at during the boom.”

The Times’ story noted PUSD’s good credit rating and the difficulty local governments in California face following the passing Proposition 13 in 1978, which limited property taxes.

Read the full story on The New York Times.

The PUSD Board of Education will hold their next regular meeting on Monday at .  


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