Paul C. Clark from the Rhinoceros Times seems to understand how the school board likes to play shell games with school bonds and federal funding as a way to spend taxpayer money without their approval.
County voters approved $457 million in bonds in May 2008. And they have a capital surplus of over $125 million on hand to use for maintenance.
Now the school board is eyeing $34 million in federal stimulus money that they will get now, but taxpayers will have to repay later.
Clark knows where to go for the money quote:
“The taxpayers have entrusted us with a system that was created a long time ago for raising money,” [School Board member Amos] Quick said. “This is a new way that they have not approved. We’re changing the ball game here.”
Quick described the bonds as a tax.
“I think this is a way we’re levying a tax on the citizens of Guilford County if this goes through,” he said. “I think we have to be careful about things like that.”
Read the entire article from the Rhinoceros Times.