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Tony Kelly's Blog (1)
Certificates of Participation: The City’s Hidden Long-Term Debt
George Wooding of the Westside Observer writes:
San Francisco's cash-strapped politicians are relying heavily on an expensive form of debt called Certificates of Participation (COPs) to pay San Francisco's bills, perhaps hoping they can continue hiding this practice from voters.
The public doesn't know what COPs are, which seems to suit City politicians just fine. San Francisco construction projects that are either unaffordable, unpopular, or need to keep a low…
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Added by Tony Kelly on June 26, 2011 at 14:38 — No Comments
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