Any Idaho school district teetering toward financial distress is a concern for all. But what happens in Nampa — Idaho's third-largest school system - has the potential of swamping the rest of the state. That district is undergoing wave after wave of seemingly intractable maladies. Last August, the district discovered it has double-counted federal and state revenues - putting it $2.3 million behind. A month later, the deficit deepened to $4.3 million. New Superintendent Thomas Michaelson, brought in to fix the mess, reported in March the situation was even worse - now the district was $5.1 million short. Plus it turned out $1.2 million that was supposed to be repaying bonds had gone into covering ordinary bills and had to be repaid/Marty Trillhaase, Lewiston Tribune. More here.
Question: And Butch plans to hold onto an approximate $162M for dear life? Maybe he should save some of Idaho's school district that are in dire straits. Thoughts?