Another Four Letter Word

Ever wonder how the city can increase debt without voter approval?  Check out the latest borrowing our city is proposing here.

Scroll down to the bottom and you will see two bond offerings proposed by the City of SJC; one is to borrow over $3 million to pay the Scalzo lawsuit (incredibly, we're borrowing to pay a judgment, which means with interest).  Below that, yet another bond offering for $24 million.  These two item will take our city bond debt total past $180 million by mid-year.

For a step-by-step guide to accumulating public debt while avoiding voter approval, click here.

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