According to Bloomberg Web Link, Dolinka is the Irvine based consultant who has in some cased caused taxpayers to incur massive debt via Capital Appreciation Bonds.
Districts have taxpayers have to pay 10 to 20 times the amount of the bonds in order to pay back the debt.
School districts sell bonds that saddle them with massive amounts of debt, similar to interest-only loans issued during the housing bubble (but here, not even the interest is paid for a while). And we all know how that turned out.
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