Read the full story here Web Link posted Friday, February 19, 2016, 12:00 AM
Town Square
School district poised to use controversial bond issuance
Original post made on Feb 21, 2016
Read the full story here Web Link posted Friday, February 19, 2016, 12:00 AM
Comments (1)
a resident of Rex Manor
on Feb 21, 2016 at 6:43 am
I agree with Board member Coladonato.
I find it appalling that “Board president Ellen Wheeler said she disagreed with Coladonato, but did not explain her position further.†(Don't vote for something you don't understand - like compounding interest.) And Board member Bill Lambert’s response “…really thinking of the best interest of our school district.†(Really? What happens in the future when they need more money because CABs are long term obligations and there enough districts that have problems due to CABs [beyond Poway]? What then?)
CABs are irresponsible because what you are saying is that you don’t have enough money for the capital building campaign now - so cut the budget? You’re pushing off hard decisions to the future with Wall Street avarice compounding on-top under the ruse "for the children." This is irresponsible budgeting especially when Clark already shifts funds from one bucket to another to meet other objectives like pensions.
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