LAUSD Secret Cash Stash?
The folks at Full Disclosure Network reported some time ago about a little known Los Angeles Unified School District financing scheme in which the district is issuing non-voter approved, tax exempt bonds in order to fund school construction. This process may be in violation of Proposition 13. We brought this to you back in July. At the time, Anthony Patchett, special district attorney and head of the LA County D.A.'s Belmont investigation, describes the LAUSD financing operation as a “pyramid scheme to defraud the voters.”Full Disclosure will soon be airing another program on the issue, this time featuring an interview with School Board Member David Tokofsky. Among the items covered include that the process was advised by the LAUSD counsel and district bond counsel who charges a fee on bond transactions and that the district may have up to $1 billion in such indebtedness. The public, not having had the opportunity to vote on this debt, may not know they are on the hook for it.
For more information about Full Disclosure's program schedule, click here.
Posted by Mayor Sam @ 9/12/2005 11:42:00 AM
9 Comments:
Yeah, what was that guys name?
Good thing he still doesn't have much visibility.
No worries -- the Huizaristas will be spending $150K-plus very soon trying to convince voters he had a very important powerful position as school board pres (so he deserves to be a CM), but it wasn't all that powerful, so you can't blame him for all the waste and corruption or who the board employs to run the district, or how much in debt it is, and over budget, and failing LA kids!
It was a very impotent powerful position, you see.
Huh?
Every pyramid scheme has a patsy. There's always that one guy who is to blame. See Huizar, you are going to be made the patsy in this one. All of Antonio's people (Meruelo, Griego, Skelton) got what they wanted. And you actually thought Antonio liked you. One look at those polls and they are going to hang you out to dry.
YES, HUIZAR KNOWS OF THE SECRET CASH.
LULAC Education Commission condemns mayor. . .
The League of United Latin American Citizens (LULAC) Education
Commission has issued a condemnation of the actions of Los Angeles
Mayor Antonio Villaraigosa.
According to the Commission, Mayor Villaraigosa has failed to
initiate valid attempts to reform the Los Angeles Unified School
District, a campaign promise. The commission also claims that
Villaraigosa is preventing victims of alleged misconduct by school
district personnel from participating in his "education Committee".
The Commission has called on California LULAC to likewise condemn
Villaraigosa and to demand equitable treatment and representation
for victims of misconduct.
In another case, the Commission has exonerated a school
superintendent accused by a LULAC council of being "arrogant"
toward Latinos.
The San Benito County LULAC council alleged that Hollister School
District Superintendent Ron Crates has also been unresponsive to
Latin American teachers and parents in a previous assignment.
It was the opinion of the Commission that the allegations were
ambiguous and that the complainants failed to offer any evidence of
misconduct or unprofessional behavior.
END
For additional information, contact:
Carlos L’Dera
(661) 242-2533
= = = = =
Condemnation of actions of Los Angeles mayor Antonio Villaraigosa
Be it known that it is the opinion of the LULAC Education
Commission that:
Los Angeles Mayor Antonio Villaraigosa campaigned partially on the
need to reform the Los Angeles Unified School District; and
Mayor Villaraigosa has subsequently failed to initiate any valid
attempts to accomplish the above; and
Mayor Villaraigosa has willfully failed to communicate with, or in
any other way allow, input from victims of misconduct perpetrated
by personnel of the Los Angeles Unified School District either to
his office or to his "education committee", while simultaneously
allowing participation by those culpable in the deterioration of
the LAUSD and those who have contributed to the aforementioned
misconduct; and
By the actions described above, Mayor Villaraigosa has continued
the policy of politicization of children; and
By said actions, Mayor Villaraigosa has demonstrated an
unwillingness to act in good faith to resolve discrepancies that
negatively impact students, parents, teachers and communities of
the Los Angeles Unified School District.
THEREFORE, the California LULAC Education Commission strongly
condemns the above specified actions and practices of Los Angeles
Mayor Antonio Villaraigosa and calls for California LULAC to
likewise condemn said actions and practices and to call for Mayor
Villaraigosa to allow participation of impacted parties in the
Mayor’s "Education Committee" and to otherwise afford equitable
treatment and representation of said impacted parties. Further, the
California LULAC Education Commission calls for California LULAC to
abide by LULAC Resolution CA 5, 6 Condemning current Violations of
Education Code Statues.
Adopted this 3rd day of September 2005.
Carlos L’Dera
Chairman
Los Angeles, CA. Was it legal for the Los Angeles Unified School District to issue $1 Billion plus in non-voter approved bonds in semi-secret meetings over the past several years? And, who advised them to do so? Did anyone challenge the LAUSD actions?
http://i-newswire.com/pr46131.html
david has never done shit as a LAUSD member. it's time to take out the trash and really give something back to the students.
I couldn't agree more with taking out the trash...let's start with UTLA patsies and really give something back to the students...GOOD TEACHERS!!!!
Not much to boast about when it come to the LAUSD. The rest of the world however is boasting how inept and ineffectual the LAUSD truly is.
Everyone has their hands in the cookie jar. Everyone.
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