SK, I was referring to outlying areas. Carmel Valley is not really outlying, and, in any case, a portion of its MR bonds should now be ~10 years from maturity/retirement.
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And no true Scotsman…
Carmel Valley is not outlying, but the area right next to it is?
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Here’s a question for the PUSD Board: “If you purport to currently have a ~$168M “surplus” in MR bond revenue, then, pray tell, why aren’t you using most of it to pay down the ill-fated Prop C monies you borrowed at subprime interest rates??”
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MR is to be used to build and maintain the infrastructure in the covered area. Prop C money is for the schools outside the MR areas.
