Golden State Opportunity For Schools

Saskal, Rich
May 2006
Bond Buyer;5/15/2006, Vol. 356 Issue 32381, p1
Trade Publication
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.


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