The education in an education lottery usually defaults to a quote from Barnum.
John Sessoms wrote: > From: "P. J. Alling" > > >> California is current balancing it's budget by borrowing. If they >> have a law it's not very effective. >> > > > It's like North Carolina's. There's a loophole for emergency spending on > natural disasters. But you only get to use that loophole AFTER the disaster. > > And there's revenue bonds for those on-going multi-year projects that > need more than one years tax take. > > NC only allows revenue bonds to finance "capital" improvements i.e. > roads, bridges, dams, state parks (buying land for new ones), ... and on > a local level - schools. > > I think California may be stretching that one a little. The problem with > that sort of bond issue is they eventually have to be re-paid with > interest ... or defaulted. > > But NC does have an education lottery! > > -- The difference between individual intelligence and group intelligence is the difference between Harvard University and the Harvard University football team. -- P. J. O'Roark -- PDML Pentax-Discuss Mail List PDML@pdml.net http://pdml.net/mailman/listinfo/pdml_pdml.net to UNSUBSCRIBE from the PDML, please visit the link directly above and follow the directions.