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Since the 1930s, financial regulators have required many financial institutions to heed the ratings of a handful of raters.
The goals of the regulators were good: making sure those institutions’ portfolios held safe bonds.
The mandate hurts education because: Statewide salmon/steelhead populations have been plummeting for decades (with a few exceptions) and only 10 percent of Puget Sound’s wild sea-run fish are left, according to the National Marine Fisheries Service (NMFS), and dozens are listed under the Endangered Species Act, including the Stillaguamish steelhead and king salmon.
Six parents and four not-for-profit organizations joined together to file the lawsuit against the State of California and its applicable departments and authorities.
The DNR’s financial contribution to schools is wildly erratic and negligible —In 2014 for instance, DNR timber sales totaled million.