Our recent stories about the Poway Unified School District have contained a bunch of really, really big numbers. First, we explained how borrowing $105 million will cost taxpayers nearly $1 billion. Then we discovered the district had pushed the limits of state law to borrow more than we knew.
In our pages and beyond, all sorts of numbers are flying around about the district’s bond deals. I know they can be tricky to follow from story to story, so I’ve created a graphic illustrating the most important numbers.
There are two big things to look for:
1. Poway Unified has sold bonds twice since 2008. You can see how much cash the district borrowed through each bond in the left column of the graphic and how much debt taxpayers will owe in the right column. The third pair of circles shows combined totals.
2. Our latest story about the district explained how extra upfront cash boosted its debts. The dark red sections in the left column represent how much extra cash the district got. The light red sections in the right column represent how much getting that extra cash will ultimately cost taxpayers.
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