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Nearly 900 miles away from New York City, five Wisconsin school districts are on the brink of losing a $200M investment.
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About Me
- Village People
- I am currently Property Owner Association President (third three-year term; eight years) for Prairie Trails-West Property Owners Association (PTWPOA). I want to make sure we utilize environmentally sound practices. I want to see the Village government treat all citizens with respect and listen when they bring concerns.
3 comments:
A volatile market and uncertainty over the CDO investment may make it hard to finance the Indian Trail Academy project while keeping the debt levy the same, as the School Board promised last year.
KNews feed for tomorrow's paper (above comment).
Actually, unlike PP and some other municipal entities....KUSD may have their credit rating hit hard due to this....depends on several items, but this publicity is gonna make it hard to hide the fact you lost $30 million of borrowed money, and are still on the hook for the lot.
That, coupled with the fact they are suing their investment company (formerly their investment ADVISOR {Stifel, Nicolas}) will deter people from dealing with KUSD.
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