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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.

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.

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Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors. Write a new post... What's up? Make an announcement, speak your mind, or sell something
KD May 8, 2013 at 02:03 pm
Regarding Patch's response to this comment: A 'typo' is when someone hits the wrong key on theRead More keyboard, like typing "Democrut" or "Demacrat." Calling a Democrat a Republican is a MISTAKE and party affiliation is very easy to check check these days. Maybe this is just a "blog," I'm not sure. But if it's a "news site", and the people writing stories are purporting to be "journalists" or "reporters" could easily do better and should do so. Let's not minimize a factual error in a "news" story as a "typo."
Dale May 6, 2013 at 07:32 pm
I think that Fletcher flip-flops partially because he is looking for means to bring HIS politics toRead More the table.
Hoa Quách (Editor) May 6, 2013 at 11:55 am
This was a typo and it's been fixed. We apologize for the error.