Posts Tagged ‘debt’
City forced to increase debt, rethink its finances
Last week, Richmond’s City Council faced a painful choice between paying a $30 million bond termination fee or taking on an extra $10 million in debt over the life of the bond. Neither of these options help the city handle its deficit, but council members opted for continuing payment through the life of the bond.
Read MoreWCCUSD pays off debt
After 20 years, on June 1st, West Contra Costa Unified School District (WCCUSD) was able to pay off its $47 million state loan to the state of California four years ahead of schedule. WCCUSD, previously known as the Richmond Unified School District, filed for bankruptcy in 1991 and became the first district in the state to…
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