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Build now, pay later

Capital appreciation bonds have helped build new schools during budget shortfalls. But are they worth the price?

Many cash-strapped California school districts have found a way to fund new, multimillion-dollar projects. 

And they don’t have to make payments right away.

But when those bills come due, a generation of taxpayers will be saddled with a much bigger tab.

A video by California Watch, sister site of The Bay Citizen, explains why some districts will owe more than 20 times what they borrowed.

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