According to Julia Spencer of KFOX14, “An internal audit found EPISD’s projected $52.8 million budget crisis was caused by underestimated expenses, unrealistic budget assumptions, poor financial oversight, and weak budget controls.”
First, we don’t trust the conclusions of this internal audit because it was internal and not external.
Second, we feel the primary blames lies with Board President Hanany, Vice-President Loveridge, and the other members of the current Board of Trustees who have consistently prioritized politics and social justice over fiscal solvency.
Third, we do not feel that management of a general obligation bond of up to $450 million, which will appear on the November 3 ballot, can be entrusted to the current Board, especially now that the only two fiscally conservative trustees, Daniel Elton Call and Valerie Beals, have resigned.
What do you think?