Thread: At #Jeffco board meeting, Director Miller’s questions get to the truth about the current state of the scandal ridden $800m bond program…@wsj @The74 #copolitics #edcolo #k12 #edpolicy #edchat
(1) After net $19m in costs at schools receiving students from 16 closed ES, only $34m (!) is left from $118m in bond premium ($51m was spent on athletic facilities not disclosed to voters in 2018)…
(2) About $100m from original bond proceeds is currently allocated to projects that haven’t begun, including construction of 2 new ES (!!!). This includes $17m for projects now in design phase, and $83m that haven’t begun.
(3) $34m remaining unallocated bond premium will NOT cover cost overruns at projects now underway (eg, Wheat Ridge HS), much less the cost of building a new Fletcher Miller school for #Jeffco’s most disabled #SPED children AND…
(4) the costs that will be incurred as part of this year’s process for closing middle and high schools, UNLESS…
(5) some or all of the $100m set aside from bond proceeds (not bonds premium) for as yet unstarted projects to build new schools is used to build a new Fletcher Miller (which was a priority in the 2016 bond issue which failed, but was inexplicably dropped on the 2018 bond)…
(6) and to cover cost overruns on projects now underway and costs that will be incurred when Jeffco closes middle and high schools, and Jeffco’s sleazy practice if awarding Guaranteed Maximum Price contracts but later voiding them by issuing very expensive change orders…
That’s a practice I’ve seen a lot - in very corrupt countries like Egypt and Venezuela.
Whether the Jeffco board will decide to cancel the encumbered projects, remains to be seen. But let’s all be clear about this: To those of you who say the district’s budget reflects its real values…
After spending $51m on athletic fields that were never disclosed to voters in 2018, will the #Jeffco board refuse to replace Fletcher Miller, the district’s decrepit school for our most severely disabled #SPED children?
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