{"id":36135,"date":"2012-12-10T16:15:44","date_gmt":"2012-12-10T16:15:44","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/npr_a_california_school_district_owes_1_billion_on_a_100_million_loan\/"},"modified":"2012-12-10T16:15:44","modified_gmt":"2012-12-10T16:15:44","slug":"npr_a_california_school_district_owes_1_billion_on_a_100_million_loan","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=36135","title":{"rendered":"(NPR) A California School District Owes $1 Billion On a $100 Million Loan"},"content":{"rendered":"<p>More than 200 school districts across California are taking a second look at the high price of the debt they&#8217;ve taken on using risky financial arrangements. Collectively, the districts have borrowed billions in loans that defer payments for years \u201d\u201d leaving many districts owing far more than they borrowed.<\/p>\n<p>In 2010, officials at the West Contra Costa School District, just east of San Francisco, were in a bind. The district needed $2.5 million to help secure a federally subsidized $25 million loan to build a badly needed elementary school.<\/p>\n<p>Charles Ramsey, president of the school board, says he needed that $2.5 million upfront, but the district didn&#8217;t have it.<\/p>\n<p><a href=\"http:\/\/www.npr.org\/2012\/12\/07\/166745290\/school-district-owes-1-billion-on-100-million-loan\">Read or listen to it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>More than 200 school districts across California are taking a second look at the high price of the debt they&#8217;ve taken on using risky financial arrangements. Collectively, the districts have borrowed billions in loans that defer payments for years \u201d\u201d<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=36135\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,615,149,111,168,151,129,619,34],"tags":[],"class_list":["post-36135","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-city-government","category-economy","category-education","category-ethics-moral-theology","category-politics-in-general","category-psychology","category-state-government","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/36135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36135"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/36135\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}