Friday, June 6, 2008

District losing money on investment

Click here.

A controversial investment to help fund retiree benefits has cost the Kenosha Unified School District $214,000 more than it has earned since 2006, according to an analysis by an independent consultant for the Pleasant Prairie School Commission.

4 comments:

Anonymous said...

Truly a dissappointing turnout last night. Other than the commission members, the Village Board members, the consultants and lawyer...there were only 4 people there. It was a truly imformative meeting regarding the CDO investment of the KUSD. Worst of all, ZERO presence from the KUSD and Kenosha News.

The report regarding the separation of KUSD and PPSD was ok. Not really impressed with the lawyer's knowledge of the situation...although she cited a few similar (although non-contentious) situations. If anyone has any specific questions, they can email me at:

jroscioli@wi.rr.com

Anonymous said...

...well, there's the proof. Now I'd like to hear what our representatives will be doing about it.

That is,,,,if there is anything that can be done other than let KUSD know that we are watching.

Anonymous said...

What can they do? It was a mistake by KUSD, with minimal (actually ZERO) accountability to PP or Somers or virtually anyone. Our current governmental leaders did some good here by bringing this issue to further light, but even the Kenosha News neglected to send a reporter. Pathetic.

Anonymous said...

John Nordquist on the Daily Kenoshan blog suggested the possibility of a State Board of Education review or possibly a State Attorney's Office review.

Perhaps these have some merit.