Is PUSD broke...? Part 2
Original post made by tax revolt 2, Country Fair, on Apr 16, 2009
These borrowing instruments will increase PUSD future expenses with the interest payments required.
At 1% of the total operating expense budget, why is this loan from the City necessary?
Is PUSD starting to look like the California State Government? Teetering on solvency, borrowing and taxing, paying interest on borrowed money... say it ain't so, but if it quacks like a duck......
When will all the facts get out so voters can make an informed decision about whether PUSD has done enough work on structural reform to justify a parcel tax?