November 13, 2012 
85 of 106 School Construction Bond Measures Pass   
Local Revenue Measures in California Results 

Nov. 7, 2012 | By Michael Coleman |    

EXCERPT: ... There were 106 school bond measures on the ballot for a total of over $14.5 billion in bonds. Most required 55% approval. Preliminary election night counts show 85 of the measures passing for bonds totaling $12.8 billion, among these a $2.8 billion bond in San Diego. Several are too close to call.   To read the complete report visit:   

List of school bond results start on page 9  


BALLOTPEDIA: Bond Elections in California
To read details and text of each of the ballot measures, visit: 

State Treasurer Pressuring Bond Companies to Restructure School Debt
Nov. 7, 2012 | By Will Carless|
EXCERPT: In his latest warning to the companies that put together hundreds of controversial school bond deals in California, state Treasurer Bill Lockyer is putting firms on notice that they should figure out how to restructure the debt or face significant consequences.

     As first reported in the Bond Buyer, a trade publication covering the municipal bond market, Lockyer is putting particular pressure on the underwriters of hundreds of deals involving capital appreciation bonds. The controversial financial instruments have become a political hot potato since Voice of San Diego published a story about a bond in Poway schools where taxpayers will pay back almost $1 billion on a loan of $126 million.

     "Lockyer has said before that these deals are outrageous, and if the companies aren't willing to restructure them, there are going to be repercussions," said Lockyer spokesman Tom Dresslar. ... 

Contra Costa County CaLBOC Chapter Meeting December 1, 2012, 10am - 12 noon
For more info & to register:
John Muir Inn - Best Western Plus in Martinez 
- The Contra Costa County Grand Jury Report
School Bond Oversight Committees - Raising the Bar  
Report by the 2011-2012 CCC Grand Jury - May 10, 2012 - Report 1208
We will go over the responses from the nine districts to the Grand Jury

Districts Response to CCC Grand Jury Report #1208:
CCCCC Chapter web page:
In This Issue
85 of 106 Bond Measures Pass
State Treasurer on Bond Debt
Contra Costa County Chapter Dec. 1st Meeting - Responses to CCC Grand Jury Report
Contra Costa County CaLBOC Chapter Meeting:  Saturday, Dec. 1, 2012
10am to noon in Martinez 
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Mission Statement 

To promote school district accountability by improving the training and resources available to California's Proposition 39 School Bond Oversight Committees and educating the state legislature, local school boards and the public about the oversight and reporting powers these Citizens' Bond Oversight Committees (CBOCs) have, and to advocate on a state level, where appropriate, on issues of common concern to all CBOCs.

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