Tuesday
September
02
2014
9:28 pm
Weather
  Search Again
  Home
  Local News
  State / National / World
  Sports
  Opinion / Letters
  Business
  Arts / Entertainment
  Lifestyle
  Obituaries
  Calendar
  Submit Event
  Comics / Games
  DJ Designers
  Archives
  Advertise With Us
  About Us
 

Check out our archive of Dining Guides - Yum!

State lawmakers advance bill to prevent school bond conflicts
May 14, 2013, 05:00 AM By Laura Olson The Associated Press
SACRAMENTO — California lawmakers advanced a bill Monday that would prevent taxpayer money from being used to promote local bond measures.

It is illegal for school districts to use tax dollars to hire political consultants to pass bond measures. But critics say municipal finance firms include campaigning in their package of bond services when they contract with the districts. They recover the costs through other fees.

“The local agencies then in effect are using taxpayer funds to pass bond measures that the taxpayers must pay back,” said Assemblyman Don Wagner, R-Irvine, who is carrying the bill seeking to halt the practice. “That is illegal when done directly.”

Wagner’s legislation would prohibit school districts and other local agencies from contracting with firms that provide campaign services for bond measures.

The Assembly approved AB621 on a 51-10 vote, with Democrats casting the votes in opposition. It now heads to the Senate.

School districts throughout California have drawn scrutiny recently for bond contracts. A firm hired by Placentia-Yorba Linda Unified School District was extensively involved in the approval of a 2008 bond and charged the district above-average fees, according to reports from the Orange County Register.

State Treasurer Bill Lockyer has asked the attorney general to issue a legal opinion about whether districts have illegally contracted to promote bond measures. Lockyer and the California Association of County Treasurers and Tax Collectors support Wagner’s proposal.

The Small School Districts’ Association opposes the legislation, saying it would make it more difficult for smaller districts to pass bond measures.

Last month, the Assembly passed a bill that would restrict the use of high-cost school bonds that prevent districts from paying off the debt before they mature. That bill, AB182, limits the ability of school districts and community colleges in issuing so-called capital appreciation bonds.


Print this Page Print this Page |  Bookmark and Share
<< Back
 
  


 
You are in the Archives

Exit
  RSS feed RSS
Daily Journal Quick Poll
 
How often do you go to San Francisco?

Five days a week, I work there
Every weekend
About once a month
Every few months
About once a year
 
 
 

 
 
  
 
  
 
 
 
 
©2014 Daily Journal - San Mateo County’s homepage