EPISD bonds–selective disclosure

This slide from a June 29, 2016 presentation to the EPISD facilities advisory committee shows that the district’s new deputy director of finance and operations has brought some of the techniques that she used to mislead us when she was our city’s chief financial officer over to help with the bond election:

EPISDBondElectionScenarios

What the chart fails to point out is that there is open talk at the district indicating that some of them think that the real bond requirement is north of one billion dollars.

To think that the district will go from 2017 to 2042 without another bond request is absurd.  We know that they requested bonds in 2003 and 2007 and will probably request the bond amounts shown in the chart above later this year.

As we saw over at the city her figures to not reflect reality.

We deserve better

Brutus

4 Responses to EPISD bonds–selective disclosure

  1. Anonymous says:

    the fbi need to look into all the corruption and nepotism in all of el paso’s district. illegal contracts, illegal hiring of family members.. etc.
    el paso kids deserve better

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  2. Anonymous says:

    More than a BILLION$$$$?? Corruption is inherent at EPISD, the School Board. It just never ends. Where does all OUR money go? Contracts for everything, follow the money to all the “Friends and Family” contracts. The School Board always knew what Lorenzo Garcia was doing and did nothing.

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  3. chico says:

    Reality Checker, thank you for this info. This rush job was intentional. To subvert a legitimate criticism — They are asking for new bond monies when they have not spent the previous bond funds.

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  4. Reality Checker says:

    They just approved some new projects last week that will be paid for using money “left over” from the 2007 bonds, so what does that tell you? It’s doubtful that the recently approved projects were part of original planned use of the 2007 bond monies. The next question is: How much money is still “left over” from previous bonds? If they are still sitting on our money from 2007, they took more from us than they neeeded and we also have probably been paying interest on that borrowed, but unused money for nine years.

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