Schools
Full Report: Investigation into PUSD's Billion-Dollar Bond
Poway Unified officials have released an independent report about the sale of $105 million in bonds that will cost taxpayers nearly $1 billion to repay.
The Poway Unified School District has been in the spotlight since it was revealed that it would cost taxpayers nearly $1 billion to repay $105 million of bonds issued for school repairs. Amid the controversy, the district commissioned an independent investigation into the transactions and the district's involvement.
The report was released Tuesday night and has been attached in full, as provided by the district. Patch will be reviewing the report in the coming days, but we have provided a copy here now.
The board plans to hold a special meeting at 4 p.m., Monday, Feb. 4 at the district office to discuss the report once board members have had a chance to review it.
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The district office is at 15250 Avenue of Science, San Diego.
Let us know in the comments what you think of the report, and if you have any questions that you'd like Patch to follow up on with the district.
Find out what's happening in Powaywith free, real-time updates from Patch.
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