Category Archives: Public Banking

Auto Added by WPeMatico

RECENT NEWSLETTERS

What A Puplic Bank Could Mean For California

What A Puplic Bank Could Mean For California
Above Photo: Flickr/ Images Money California is the eighth largest economy in the world, and it has a debt burden to match. It has outstanding general obligation bonds and revenue bonds of $158 billion, largely incurred for infrastructure. Of this tab, $70 billion is just for interest. Over $7 billion of California’s annual budget goes to pay interest on the state’s debt. As large as California’s liabilities are, they are exceeded by its ... Read more