PUSD to Release Billion-Dollar Bond Investigation Report

The independent investigation was to examine whether district officials followed proper procedures in the deal that has captured nationwide attention.

Updated 12:29 p.m. Tuesday with the Jan. 23 special meeting agenda attached. The agenda was sent out Tuesday morning after the story had been published.

The Poway Unified School District board is set to meet at 6 p.m. Tuesday at the district office, 15250 Avenue of Science, San Diego.

The full agenda is attached.

Key item on the agenda:

  • Investigation into billion-dollar bond controversy: Superintedent John Collins is expected to announce the results of an independent investigation into the Capital Appreciation Bonds (CABs) sold to finance school fixes that now have local taxpayers on the hook for nearly $1 billion. District officials have been hushed about the details of the investigation and, according to a Voice of San Diego report, are going to go into further detail about the report during a later special meeting. The agenda mentions an upcoming special meeting for 4 p.m. Wednesday about the "legislative platform." State officials last week urged school districts to issue a moratorium on CABs, in part because of PUSD's troubles. Collins did not respond to a Patch request for comment through the district's spokeswoman.


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