California politicians wrote $10 billion in IOUs to schools this year

California lawmakers have written about $10 billion in IOUs to school districts this year alone, the Voice of San Diego’s Will Carless reports. To make up for the shortfall, districts have borrowed money from banks, and as a result will rack up hundreds of thousands of dollars in interest charges that they will have to

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California politicians wrote $10 billion in IOUs to schools this year

Posted by on September 19, 2011. Filed under News, Trending News, World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.