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Bond Committee Report Examines PUSD's Actions

Six locals have proposed a series of policy changes after looking into Poway Unified's billion-dollar bond deal.

A six-person committee of area residents has looked into the Poway Unified School District's controversial Capital Appreciation Bond deal and come up with more than a dozen recommended policy changes.

The report was presented to the PUSD board during a special meeting Monday focused on a separate, independent investigation into a $105 million bond deal that is expected to cost taxpayers nearly $1 billion to repay. The committee includes local business and political figures, including former PUSD board member Jeff Mangum and former San Diego city Councilwoman Barbara Warden.

Check out the report attached to this story.

Tell us: What do you think of the recommendations?

Gary February 06, 2013 at 03:08 PM
With Jeff Mangum on this committee that is like the fox guarding the hen house - really?
Gary Vineyard Poway City Council Candidate February 06, 2013 at 07:52 PM
More like a hen house full of Foxes and who is Phil Schneider? OH! "...A senior vice president and CFO of a publicly traded company and on the board of directors of other entities." Well that explains it! Wait wasn't Enron publicly traded? I Googled 'other entities' and found that you are supposed to disclose them...well? Craig Brown? Never heard of him either but he is; "...a founder of a mortgage lending business and financial expert." Looked him up and couldn't find him either. Which business? what makes HIM an expert? Didn't the mortgage industry just put our national economy in the tank? And Jeff Mangum; Wasn't THIS committee put together by him? Isn't this the same Jeff Mangum that was at the heart of this debacle? I believe so. As usual, I must be missing something. WAIT! STOP THE PRESSES! How about I get my own committee together and review THEIR committee and it's findings...now THAT would be a hoot.
Steven Boyack February 06, 2013 at 10:05 PM
Now lets get a committee that isn't stacked at the outset.
Srini Venkataramani June 03, 2013 at 07:43 PM
I am looking at buying a house that comes under the Poway School District and I am beginning to re-think my decision. Other schools may not be as nice but at least are not subject to this major property tax increase risk. This could add up to $5k per residence in the future unless Poway houses quadruple in value and avg. house price in Poway is $1.8 million in 2030. Would I take that risk with my hard earned money? Answer is NO for me. I warn other home owners to rethink Poway as well.

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