Poway Unified receives top Golden Fleece award
Poway Unified School District has the dubious distinction of receiving the Grand Golden Fleece from the San Diego Taxpayers Association. The award was given Thursday night at SDCTA’s 18th Annual Goldens Awards Dinner.
PUSD received the top award for issuing $105 million in capital appreciation bonds that will ultimately cost $1 billion and can’t be refinanced.
The SDTCA recognizes public entities with a Golden Fleece in various categories for ill-advised and irresponsible spending and with Golden Watchdog awards for cost-efficient, smart governing decisions and innovations. Watchdog awards are also given to the media. Additional awards are given for public-private partnerships.
- Editorial: An end to costly school bonds?
- New PUSD bond report critical of district, underwriter
- State officials ask school districts to avoid CABs
Short URL: http://www.pomeradonews.com/?p=35952