Good for Governor Brown.

I think what the Chancellor proposed is sound given the construction climate may require districts to wait or properly plan, which takes time. Meanwhile, available bond funds lose their dollar value as time goes on because of the inflation related to building construction. This causes the unintended consequences of rushing construction or awarding to the lowest bidder without safe guards of time or terms. In addition, districts will now have to carry the burden of underwriting costs more frequently or manage funds without much leverage against the inevitabilities of inflation.

This makes sense statewide. Ironically, here in San Mateo County, however, it was our county treasurer, not the school district managers, who lost school district funds through irresponsible investments. Hopefully, this will never be repeated.