California's Bond Sale: Saving or Spending?
Fort Wayne News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Californias Treasury Office successfully sold $2.4 billion in bonds, with $1.4 billion for school and college facilities and $1 billion for drought, water, and climate projects. While hailed as a cost-saving measure, financial experts argue its more of an accounting win than real progress, as it doesnt address the core issue of borrowing for everyday state programs. The states bond debt stands at $99 billion, with a projected $35 billion deficit starting in 2027, highlighting the ongoing reliance on debt amid tough fiscal choices.
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