CABOC Newsletters & Archived CaLBOC Newsletters

March 2020  PDF
Little Hoover Commission Report #236
Recommendations for Local Bond Oversight

Issue 1, March 8, 2021  PDF
Little Hoover Commission Report #236

Issue 2,  March 22, 2021  PDF
El Rancho Promises Changes After
State Audit Finds Potential Fraud

Issue 3,  April 19, 2021   PDF
CaLBOC Dissolution and the purpose of CABOC 

Issue 4, May 3, 2021  PDF
FAQS: Is Your CBOC Independent?

Issue 5, May 19, 2021  PDF
FAQS: Key elements to be included in a facility master plan

Issue 6, May 31, 2021  PDF
Training Topics Survey

Issue 7, June 14, 2021
Newsletter Topic Survey Results

Issue 8, June 28, 2021
FAQ: CBOC Rules and Responsibilities

ISSUE 9 • July 12, 2021
• Invite to Attend a One-Hour “Scoping Session”
• FAQ: What can be funded with bond proceeds?

California League of Bond Oversight, CaLBOC
Archived Newsletters •
2013-2018
Newest on top 

2018

March 14, 2018 • Issue 121
• Farmington CBOC Pans Facility Options
• California’s $83 Billion in Bond Debt

January 2, 2018 • Issue 120
• Santa Monica Conflict of Interest Expands to 3 Board Members
• San Jose School Board Member Charged with Campaign Fund Theft

2017

December 5, 2017 • Issue 119
• Alum Rock Construction Has Lagged
• California’s $83 Billion in Bond Debt

November 6, 2017 • Issue 118
• Alum Rock Manager Sought Secret Deals on Construction Bids
• San Ysidro Spent $480 K to Recover $291K from Superintendent

October 16, 2017 • Issue 117
• School Bond Secrecy Lobby Prevails in Sacramento
• CBOC Says WCCUSD is Mismanaging Funds

September 25, 2017 • Issue 116
• Issues Arise in Alum Rock CBOC Bylaws
• School Bond Legislative Update
• Watchdog Blast Pasadena Unified

August 28, 2017 • Issue 115
• Pajaro Valley Pushes Against Grand Jury Report
• Legislative Update: CBOC Terms
• Court Sides with Employee Over Email Purge

July 11, 2017 • Issue 114
• California Places Alum Rock on Tighter Fiscal Leash
• California Schools Chief’s Political Ties Kept Alum Rock Guessing
• SB-342 Moves to Governor’s Desk

June 27, 2017 • Issue 113
• Special Property Tax Lacks Accountability
• The Untold Story Behind Sweetwater Scandal

June 1, 2017 • Issue 112
• Alum Rock Reviewers Blast Construction Management
• Bond Watchdogs Urged to Call Out Misbehavior

April 12, 2017 • Issue 110
• Did Alum Rock Pay $329K for Non-Existent Construction?

March 16, 2017 • Issue 108
• School Bond Money Used on Employee Salaries
• State Watchdog Agency Points to Flaws in Oversight

March 1, 2017 • Issue 107
• Little Hoover Commission Says Bond Watchdogs Don’t Have Much Bite
• San Diego Says It Will Take Millions More to Improve School Buildings

February 15, 2016 • Issue 106
• San Dieguito UHSD Cancels Building Contracts 
• Brown Wants to Hold Off on Selling California School Bonds

January 25, 2017 • Issue 105
• Sweetwater UHSD Gets $8.2 Million in Settlement Over Pay-To-Play Scandal
• Brown Demands Better Auditing Procedures in Place Before Issuing Bonds

January 10, 2017 • Issue 104
• West Contra Costa Schools Face Tough Choices as Bond Money Runs Out
• Gov. Brown Exploring if New $9 billion Bond Can be Divvied up Equitably

 

2016

November 1, 2016 • Issue 103
• Pay-to-Play Concerns in WCCUSD School Bond Program?
• Prop. 51: $9 Billion for Construction

September 27, 2016 • Issue 102
• West Contra Costa District Forensic Audit Report on $1.6 Billion Bond Program
• Statewide School Bond Stymied in Legislature, Backers Go Their Own Way

September 6, 2016 • Issue 101
• Warrant Issued for Los Banos School Board Member, Merced Contractor Arrested on Bribery Charges
• How Investment Banks Cash in on School Construction 
• West Contra Costa Unified: Whistleblower Files Retaliation Complaint

August 8, 2016 • Issue 100
• Chiang and County Treasurers Move to Stop ‘Pay-to-Play’ School Bond Campaigns
• Building California Schools Now Big Business, Big Money and Big Politics

July 5, 2016 • Issue 99
• Local Districts do Little to Protect Themselves from Conflicted Advisers
• El Monte Union Lacks Records, Oversight for $148 Million Bond Measure

June 13, 2016 • Issue 98
• Grand Jury Report Eviscerates San Ysidro School Bond Program 
• Poway Paid a Financial Firm Double the Contract Amount in Half the Time

May 20, 2016 • Issue 95
• California Faces Conflicts Over Billions in School Bonds

April 25, 2016 • Issue 93
• Fresno Unified Wants Leaseback Lawsuit Dismissed 
• AB 2316 | New Bill Would Protect School Contractors In No-Bid Deals

April 14, 2016 • Issue 92
• AB-2116 – School Bond Debt Passed Through the Education Committee 
• Several Years and $1 Billion Later, San Diego Schools Are Actually in Worse Shape

March 29, 2016 • Issue 91
• Citing California Policy Center Study AB-2116 Seeks to Stop Runaway School Bond Debt

March 2, 2016 • Issue 90
• Builder Emails Fresno Unified ‘We Are a Go’ Months Before School Board Votes on Projects 

February 10, 2016 • Issue 89
• California AG’s Opinion Targets School Bond Practices 
•Attorney General Opines on Brown Act Web Posting Requirement

January 27, 2016 • Issue 88
• West Contra Costa School Board Approves Full-Fledged Forensic Audit of Bond Program
• Judge affirms ruling against Acalanes bond issuance

January 11, 2016 • Issue 87
• Education Debt Debate Heats Up 
• Education Sector Bond Spending Continues to Spike

 

 

2015 

December 8, 2015 • Issue 86
• Forensic Auditors Find Absence of Strong Internal Controls in West Contra Costa schools Bond Program
• Can California’s K-12 Districts Adequately and Equitably Fund School Facilities?

November 25, 2015 • Issue 85
• Oakland’s Facilities Chief Oversees Work by His Own Company
• Fitch: Some California School District GOs Protected in Bankruptcy

November 3, 2015 • Issue 84
• Lobbying Public Agencies by Day, Guarding Public Dollars by Night
• Sweetwater District OKs Labor-Pact Talks

October 23, 2015 • Issue 83
• Acalanes District Should Abandon Foolish Gambit to Bypass Voters’ Will 
• New Ruling Throws Poway Unified Consultants’ Lucrative Deal Into Question

September 29, 2015 • Issue 82
• $9 Billion School Bond Qualifies for California November 2016 Ballot
• Critic Questions Action of Underwriters
• California Legislature Expands Design-Build

September 11, 2015 • Issue 81
• Federal Subpoena of Fresno Targets District Officials Involved in No-Bid Contracts
• California Supreme Court Won’t Hear Fresno Unified Leaseback Case
• Pay to Play – Attorneys Late in Filing Challenge. Sweetwater Contractors Slapped Down

August 26, 2015 • Issue 80
• Bill protecting contractors in district leaseback deals dies in committee
• Doing the Math, Bond Debt for California Schools May Not Pencil Out

July 29, 2015 • Issue 79
• Statewide Report Criticizes Passage of School Bonds
• Why LAUSD Wants Exemption from Low-Bidder Law for $2 Billion in Construction Projects

July 13, 2015 • Issue 78
• Solano County Grand Jury Challenges Measure Q Oversight in 2nd of Two Critical Reports
• Opinion: Contractor lobbyists Seek Relief from California Legislature

June 30, 2015 • Issue 77
• Builders Want Changes to State’s Lease-Leaseback Law
• West Contra Costa School Bond Oversight ‘Stymied,’ Grand Jury Says – Contra Costa Grand Jury Report 1514 – June 11, 2015

June 8, 2015 • Issue 76
• Court reverses decision on Fresno Unified’s controversial contract to build Gaston school 
• Could Waste and Fraud be Happening in Your School District?

May 15, 2015 • Issue 75
• San Diego Schools Put Stadium Spending Above Classrooms

April 20, 2015 • Issue 73.pdf
• SEC Launches Informal Inquiry into LAUSD’s Use of Bonds for iPads 
• Converting High-Interest capital Appreciation Bonds – San Leandro district bond refinance saves millions

April 14, 2015 • Issue 72
• Projects Not Disclosed in Bond Ballot Language – The Next Bond Money Fight: Swimming Pools 
• San Diego Unified Is Still in the Dark on Funding Field Lights With Bond Money

February 10, 2015 • Issue 70
• West Contra Costa Unified School District – Private Firms Wield Large Influence Over WCCUSD Bond Program As Costs Soar

January 26, 2015 • Issue 69
• Bond Language Stated Alpine High School Would be Built – Judge favors Alpine over Grossmont

January 14, 2015 • Issue 68
• California School Builders, Others to Gather Signatures for Nov. Bond Measure
• FBI Pursuing Allegations Against West Contra Costa School District

2014

December 31, 2014 • Issue 67
• San Diego  – Companies tried to Claim Wining, Dining, was Free Speech Judge Rejects Contractors’ Meal Gambits
• Fight Over How Bond Money is Spent Ends up in Court Injunction Hearing Continued 

December 4, 2014 • Issue 66
• Controversial $1.3 Billion iPad Deal FBI Seizes LAUSD’s’ iPad Documents
• LAUSD Eyeing More Bonds as Funds for School Repairs Dwindle

October 21, 2014 • Issue 65
• FPPC Investigation of Gi1s from Stone & Youngberg Hundreds fail to report bond-firm meals
• Bond funds Can Only be Used for Projects Listed in Measure – Lawsuit Filed Against Sonora High School

October 7, 2014 • Issue 64
• Reducing Costs for Building – Getting it right on local school bonds meanings slowing down 
• Tax Rate Es4mate of Bonds to be in Sample Ballot

September 23, 2014 • Issue 63
• Reducing Costs for Building and Renovating Schools – Sacramento Taxpayer Group Tries New Tactic on School Bonds

September 10, 2014 • Issue 62
• Ex-Sweetwater chief, Convicted in Pay-to-Play Scandal – Ex-Schools Chief Must Forfeit Pension
• Securities & Exchange Commission Subpoenas in WCCUSD – Contracts Show School Board President, Not District, Client of Brother’s Law Firm
• ‘Enhanced’ Audit Approved for West Contra Costa District’s Bond Program

July 28, 2014 • Issue 61
• San Diego School Bond Transparency Scorecard Update – School Bond Programs are More Transparent, Study Shows
• Acalanes district seeks to validate bond issuance exceeding promised tax rate

July 14, 2014 • Issue 60
• Legislative Update|Assembly Bill 2235 California School Bond Measure Advances
• SEC Charges School District with Misleading Investors – SEC and California District Settle Dispute

June 30, 2014 • Issue 59
• CCC Grand Jury Capital Appreciation Bonds Report 1411 – Grand Jury to Contra Costa County School Districts: Stop Using Capital Appreciation Bonds
• CBOC Member Reappointed After School Board Removed Him – L.A. Unified Watchdog Back on the Job

June 16, 2014 • Issue 58
• Pay to Play in School Bond Measures – What it is and Why it is Wrong 
• Pay to Play | Sweetwater UHD Joins Contractor Lawsuit – With Guilty Board Members Gone, District Seeks Tainted Funds Back
• 99% of Funds can go for Construc<on with “Pay-As-You-Go” – Public Eye: San Juan aims to pay off school bond debt more quickly

May 30, 2014 • Issue 57
West Contra Costa USD Revises CBOC’s Agenda – Bond Oversight Commi9ee ‘Mad as Hell’
• West Contra Costa USD – Support for Kids or ‘Pay to Play’ – School Bond Program Draws Massive Campaign Spending by Contract Recipients
• West Contra Costa USD – 7th Bond Measure – Pricey School Construction Spending Draws Scrutiny in Bond Measure

May 1, 2014 • Issue 55
Pay-to-Play | San Diego South County School Districts – San Ysidro trustee steps down after all

April 28, 2014 • Issue 54
• Pay-to-Play | Bill Would Amend the Political Reform Act Sweetwater-Inspired Reform Bill Advances 

April 21, 2014 • Issue 53
• Pay-to-Play | Bond Firm’s Hospitality Under Review State to Probe Dinner for School Officials

April 10, 2014 • Issue 52
• Law firm says bond oversight committees don’t need to file disclosure forms
• San Diego County – Ex-Sweetwater officials plead guilty

 

 

 


2013 

December 17, 2013 • Issue 51
• Sweetwater Trustees Going to Trial
• The District’s Bait and Switch Problem
• Investigation into School’s Fire Alarms

November 7, 2013 • Issue 50
• Spending of San Jose Evergreen College District Bond Money Questioned
• South Bay Judge Upholds Majority of Indictments in Pay-to-Play

October 7, 2013 • Issue 49
• AB-182 Approved – Big School Bond Bill Paves the Way for Change – With Caveats
• SEC Charges Indiana School District and Municipal Bond Underwriter with Fraud

September 5, 2013 • Issue 48
• Legislative Updates
• Bonds for Short Lived Technology LAUSD to equip every student with iPads
• Lockyer Urges Cleaning Up School Bond Deals

July 9, 2013 • Issue 47
• Legislative Update: AB 182. Capital Appreciation Bonds
• San Diego Grand Jury Transcripts – Sweetwater & Southwestern
Whole set of South County transcripts
• San Diego County Grand Jury Transcripts Released
Witness: District pushed poor underwriter

May 31, 2013 • Issue 46
• 2012/2013 San Diego County Grand Jury Report – May 22, 2013 “School District District Dilemma – Bonds or Bondage?”
• Judge Releases San Diego County Grand Jury Testimony Contractor: ‘They drank all my liquor’ – He says South County officials favored vendors who gave

May 6, 2013 • Issue 45
• Districts Cannot Spend Bond Money on Projects Not Disclosed to Voters

April 30, 2013 • Issue 44
• Texas Joins Lockyer Targe?ng Bonds Fueling Schools: Muni Credit
• State Assembly passes bill aimed to curtail school district debt burden

April 25, 2013 • Issue 43
• Lawsuit Says Financial Advisor ‘Duped’ School District into Overpaying

February 19, 2013 • Issue 42
• LAUSD Approves $50M for Computer Tablets
• Plan to supply LAUSD students with Apple iPads or other tablet computers wins key vote

February 4 , 2013 • Issue 41
• Controversial School Bonds Create ‘Debt for the Next Generation’
• Bill Aims to Limit Schools’ Limit Capital Appreciation Bonds
• Legislative Update: Capital Appreciation Bonds

January 22, 2013 • Issue 40
• State Moves to Block ‘High-Cost’ Capital Appreciation Bonds

January 9, 2013 • Issue 39
• San Diego County – 232 Criminal Charges in South Bay Corruption Case
• Fresno Construction Company Sues Fresno Unified

2012

December 31, 2012 • Issue 38
• Districts Face Questions in Spending Long-term Bonds for Short-Lived Technology
• Grand Jury Indicts New Defendants in South County Corruption Probe

December 4, 2012 • Issue 35
• Dozens of Bay Area districts have used a risky and costly form of financing
• Borrowing Millions, Paying Many Times More: Taxpayers On Hook For Risky School Bonds

October 24, 2012 • Issue 29
• State Treasurer: Fire Poway Bond Staff
• Sweetwater Board Takes Heat at Meeting

October 17, 2012 • Issue 28
• Sweetwater’s Ed Brand Seeks to Remove CBOC Members
• Sweetwater CBOC Chair’s Report Performance Audit Scope of Work and Approach
• CBOC Chair’s Report to School Board Oct. 15, 2012
• Imperial County Earthquakes Highlight UnresolvedSchool Risks

October 10, 2012 • Issue 27
• Understanding School Bond Finance, 9 Key Questions (and Answers!) on Poway’s BigBorrowing
• Fontina District, School Financing Methods Attracting Attention
• Toxic Capital Appreciation Bonds (CABs)

October 2, 2012 • Issue 26
• Municipal Securities Rulemaking Board, MSRB Regulators urged to crack down on donations to bond measures
• How to Check Suspect Campaign Contributions

September 25, 2012 • Issue 25
• What’s Really Exotic About Poway’s Bonds: Millions in Extra Cash
Sweetwater School Board Hires Brand asSuperintendent Despite Discontent
• Sweetwater School Board Hires Brand as Superintendent Despite Discontent

September 17, 2012 • Issue 24
• Sweetwater’s Superintendent Accused of Lacking “Truth, Transparency and Thoroughness”
• Poway Hires Forensic Accountant to Review Borrowing

August 27, 2012 • Issue 21
• Lawmaker sought to stop controversial
bond financing
• CaLBOC Co-Sponsored Legislation
• Poway in the News, Capital Appreciation Bonds Schools Pass Debt to Next Generation

August 20, 2012 • Issue 20
• Municipal Securities Rulemaking Board Dealers Bond Ballot Contributions
• Brown Act, Bill Offers Cease & Desist Solution
• On Shaky Ground – Seismic Safety of Public Schools Assembly to decide future of school seismic safety bill

August 14, 2012 • Issue 19
• Capital Appreciation Bonds, CNBC: Borrowing $105 Million for $1 Billion, Poway School District
• California Schools Barring Taxes Push Bills To 2051
• Study of L.A. Unified’s $19.5 billion school construction project

August 7, 2012 • Issue 18
• Where Borrowing $105 Million Will Cost $1 Billion: Poway Schools
• Teacher Layoffs, New Buildings Despite tough times for education, construction and renovation projects continue

July 31, 2012 • Issue 17
Brown Act update: Less Transparent Government Not an Option for School Boards
• Bold reform, better planning needed for constructing schools of the future
• Legislative Update – AB No. 1199

July 2, 2012 • Issue 13
• State Announces $637.6 Million for Shovel-Ready School Construction Projects
• Pasadena City College Board of TrusteesFire School Official Linked to Bribery Case

June 27, 2012 • Issue 12
• Watchdogs Over School Bonds

June 18, 2012 • Issue 11
School bond watchdog rule unenforced

June 11, 2012 • Issue 10
• Contra Costa County Grand Jury Report 1208 School Bond Oversight Committees Raising the Bar
• School bond measures receive donations from contractors

June 4, 2012 • Issue 9
Contra Costa County Grand Jury Report 1208, Raising the Bar

May 29, 2012 • Issue 8
• Another contractor pleads out in corruption probe
• Blog Postings

May 22, 2012 • Issue 7
Bond firms’ campaign gifts linked to sales pacts

May 7, 2012 • Issue 6
Audits and Oversight

April 16, 2012 • Issue 3
Alternative and Unconventional School Bond Financing Structures

April 2, 2012 • Issue 1
The California League of Bond Oversight Committees’ First Newsletter