Comments on: Emotions run high at school board meeting http://www.pomeradonews.com/2012/08/21/emotions-run-high-at-school-board-meeting/ Serving Poway, Rancho Bernardo and 4S Ranch Sun, 19 May 2013 17:04:19 +0000 hourly 1 http://wordpress.org/?v=3.0.3 By: Alexis Perumal http://www.pomeradonews.com/2012/08/21/emotions-run-high-at-school-board-meeting/#comment-620903 Alexis Perumal Fri, 24 Aug 2012 16:14:42 +0000 http://www.pomeradonews.com/?p=27792#comment-620903 This situation is unacceptable. It seems like it was designed to be "unfixable" with no refi option. Nonetheless, I don't accept that there is nothing we can do about it. At a minimum, I would suggest that the Poway USD set aside in a savings account an amount each year equal to the interest liability we are accruing each year ($8M - $10M) such that when we start making payments in a couple decades, we've saved up for that. General fund spending would need to be cut by that amount to allow for those savings to be set aside. I'm sure it would be painful, and there would be a big debate about what should be cut, but given these horrible terms something must be done. If the current Poway USD leadership is willing to lead the way in some kind of mitigation strategy like I just described, then it is much easier for me accept that they "made a mistake". Otherwise, as suggested above, the voters/taxpayers need to step in and get more involved in resolving this in a financially responsible way - if the current leadership won't. This situation is unacceptable.

It seems like it was designed to be "unfixable" with no refi option.

Nonetheless, I don't accept that there is nothing we can do about it.

At a minimum, I would suggest that the Poway USD set aside in a savings account an amount each year equal to the interest liability we are accruing each year ($8M – $10M) such that when we start making payments in a couple decades, we've saved up for that. General fund spending would need to be cut by that amount to allow for those savings to be set aside. I'm sure it would be painful, and there would be a big debate about what should be cut, but given these horrible terms something must be done.

If the current Poway USD leadership is willing to lead the way in some kind of mitigation strategy like I just described, then it is much easier for me accept that they "made a mistake". Otherwise, as suggested above, the voters/taxpayers need to step in and get more involved in resolving this in a financially responsible way – if the current leadership won't.

]]> By: Guest http://www.pomeradonews.com/2012/08/21/emotions-run-high-at-school-board-meeting/#comment-618974 Guest Wed, 22 Aug 2012 18:01:10 +0000 http://www.pomeradonews.com/?p=27792#comment-618974 October 2010 PUSD minutes. In case anyone forgets who the players are: D-401 Approval of Resolution No. 21-2011 entitled “Authorizing Issuance of Not to Exceed $105,001,064.25 Principal Amount of General Obligation Bonds of School Facilities Improvement District No. 2007-1 of the Poway Unified School District, 2008 Election, Series B, Making Determinations, and Taking Related Actions” It was moved by Mr. Mangum, seconded by Mrs. Vanderveen, that Resolution No. 21-2011, providing for the issuance of general obligation bonds on behalf of the School Facilities Improvement District No. 2007-1, be approved. Motion carried unanimously, 5-0. And you two to continue serving this community? Nah. I'm sure you're all very nice people. But I'm broke and now so are my grandkids. October 2010 PUSD minutes.

In case anyone forgets who the players are:

D-401 Approval of Resolution No. 21-2011 entitled “Authorizing Issuance of Not to Exceed $105,001,064.25 Principal Amount of General Obligation Bonds of School Facilities Improvement District No. 2007-1 of the Poway Unified School District, 2008 Election, Series B, Making Determinations, and Taking Related Actions”

It was moved by Mr. Mangum, seconded by Mrs. Vanderveen, that Resolution No. 21-2011, providing for the issuance of general obligation bonds on behalf of the School Facilities Improvement District No. 2007-1, be approved. Motion carried unanimously, 5-0.

And you two to continue serving this community? Nah. I'm sure you're all very nice people. But I'm broke and now so are my grandkids.

]]> By: Marge Plese http://www.pomeradonews.com/2012/08/21/emotions-run-high-at-school-board-meeting/#comment-618709 Marge Plese Wed, 22 Aug 2012 14:30:29 +0000 http://www.pomeradonews.com/?p=27792#comment-618709 As a Poway resident and taxpayer, I personally think we should recall the entire Board and the who needs a Superintendent that is that irresponsible. I hope everybody in Poway realizes what this will do to our property values, not that the School Board cares. As a Poway resident and taxpayer, I personally think we should recall the entire Board and the who needs a Superintendent that is that irresponsible. I hope everybody in Poway realizes what this will do to our property values, not that the School Board cares.

]]> By: Joe St. Lucas http://www.pomeradonews.com/2012/08/21/emotions-run-high-at-school-board-meeting/#comment-617827 Joe St. Lucas Tue, 21 Aug 2012 23:22:54 +0000 http://www.pomeradonews.com/?p=27792#comment-617827 True, what IS a problem that Lyles thinks can be solved? If the bond can't be refinanced, it's NOT a problem, right? Since pitchforks and torches are no longer an acceptable means of dealing with problems, recall elections and voting people out is all that's legally left. True, what IS a problem that Lyles thinks can be solved? If the bond can't be refinanced, it's NOT a problem, right? Since pitchforks and torches are no longer an acceptable means of dealing with problems, recall elections and voting people out is all that's legally left.

]]> By: Guest http://www.pomeradonews.com/2012/08/21/emotions-run-high-at-school-board-meeting/#comment-617825 Guest Tue, 21 Aug 2012 23:20:42 +0000 http://www.pomeradonews.com/?p=27792#comment-617825 I would like to see if Mr. Collins would sign off on his home loan where he could not refin or payoff the loan earlier..I think not. Yet, this logic makes perfect sense to our community? Even now, I bet folks would accept a special assessment to pay this awful deal off. Who borrows $1 and is on the hook for $10... I would like to see if Mr. Collins would sign off on his home loan where he could not refin or payoff the loan earlier..I think not. Yet, this logic makes perfect sense to our community? Even now, I bet folks would accept a special assessment to pay this awful deal off. Who borrows $1 and is on the hook for $10…

]]> By: Allen Hemphill http://www.pomeradonews.com/2012/08/21/emotions-run-high-at-school-board-meeting/#comment-617823 Allen Hemphill Tue, 21 Aug 2012 23:20:31 +0000 http://www.pomeradonews.com/?p=27792#comment-617823 Can't pre-pay, and can't refinance! I would love to hear Dick's idea of fixing the problem! Perhaps Prayer? Pray for ultra-high inflation, perhaps? That solution would dwarf the problem into insignificance, for certain. No, the Board solved THEIR problem by passing the problem to a future generation. But they did solve THEIR problem. It could be a model for the national leadership...Oh, they already did that with $16 Trillion of future debt for our grandchildren. It seems so simple. I'll be shopping for a new Ferrari soon. Hope my grandchildren have good jobs! Can't pre-pay, and can't refinance!

I would love to hear Dick's idea of fixing the problem!

Perhaps Prayer? Pray for ultra-high inflation, perhaps? That solution would dwarf the problem into insignificance, for certain.

No, the Board solved THEIR problem by passing the problem to a future generation. But they did solve THEIR problem. It could be a model for the national leadership…Oh, they already did that with $16 Trillion of future debt for our grandchildren.

It seems so simple. I'll be shopping for a new Ferrari soon. Hope my grandchildren have good jobs!

]]> By: Guest http://www.pomeradonews.com/2012/08/21/emotions-run-high-at-school-board-meeting/#comment-617741 Guest Tue, 21 Aug 2012 22:18:05 +0000 http://www.pomeradonews.com/?p=27792#comment-617741 Problem solve what Dick? The Board has guaranteed there is nothing to problem solve over. We can't fix this wagon. This isn't a divisive issue - well it is, if you think the 9 to 1 ratio and the inability to call the loan is an ok move. Just think we could have refi'd this and all this would be much ado about nothing. Problem solve what Dick? The Board has guaranteed there is nothing to problem solve over. We can't fix this wagon. This isn't a divisive issue – well it is, if you think the 9 to 1 ratio and the inability to call the loan is an ok move. Just think we could have refi'd this and all this would be much ado about nothing.

]]>