The state auditor's report claims that Fox C-6 will spend an additional $5.6 million dollars in interest because of how the bonds were sold.
The article references former Fox C-6 Superintendent Dianne Critchlow's letter that explained how "all the stars aligned for the school district" when the district "earned" an extra $4.2 million dollars on our bond sale.
Voters approved an $18.5 million dollar bond issue in 2012, not a $22.7 million dollar bond issue.
On January 13, 2013, I wrote an article about a letter from former Fox C-6 Superintendent Dianne Critchlow that contained some of the phrases that were referenced in today's Arnold-Imperial Leader article about the 2012 Bond Issue.
Critchlow wrote in her letter that,
"the district earned almost 2.5 million dollars more than anticipated. This was fantastic news for our district. So much so, that we asked the building principals to put together additional lists of wants and needs for their respective schools due to the extra funding."
She went on to explain how it occurred. She wrote that,
"As much as we would like to predict the market, we can't. However, all the stars aligned (and the market) for the school district."
You can read Critchlow's entire letter to the community using the link below: