TITLE

Golden State Opportunity For Schools

AUTHOR(S)
Saskal, Rich
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/15/2006, Vol. 356 Issue 32381, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the proposal of California Governor Arnold Schwarzenegger to restructure three billion dollars of unenhanced tobacco settlement debt for K-12 school in California. The tobacco debt restructuring is part of the governor's revised fiscal 2007 budget proposal, and it will generate 900 million dollars for K-12 education funding. The persistent structural budget deficit in California has been the major factor limiting the credit ratings of the state.
ACCESSION #
20944802

 

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