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From Kenosha News:
LAUREL - To the four Kenosha Unified School Board members who support an independent study of a controversial district investment program. Gilbert Ostman, Pam Stevens, Rebecca Stevens and JoAnn Taube all say they would welcome an objective assessment of the collateralized debt obligation investment program, which, depending on your source, is either comfortably profitable or awash in red ink. Since no one really seems to know for sure - and since the stakes are so high - it's clear to us that an independent audit is not only desireable, it's essential.
DART - To the three School Board members not quite so eager to embrace an outside assessment of the investments. To varying degrees, Marc Hujik, Eric Olson and board president (correction to KNews; Board President is Pam Stevens) Dave Fountain objected to the possibility of an independent review. Why? If the program is sound, let's get answers to the many troubling questions it has generated. And if the program is in trouble, let's find out now, while there still might be time for corrective action. To do nothing while the apprehension continues to build strikes us as the worst possible option.
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2 comments:
To correct you, Dave Fountain is the EX president. Current KUSD school board President is Pam Stevens.
Irony of ironies in those three given darts are all residents of Pleasant Prairie and Pleasant Prairie is the community most interested in the investment.
Even though the dissenters seem to want to focus on the alleged "legitimacy" of their initial action, the issue may need to be addressed by TODAY's standards regardless of how supposedly legal and solid the investment was at that time.
It's refreshing to see that KUSD is moving forward with their review.
The trick will be to actually learn from the 20/20-nature of hindsight.
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