6th Annual CaLBOC Statewide Conference
"Bond Oversight Basics"
Presentation and Handouts:
Little Hoover Commission Report
"Borrowed Money: Opportunities for Stronger Bond Oversight" February 2017
Los Angeles Civil Grand Jury Report:
"Capital Appreciation School Bond Debt: Consequences of Poor Financial Practices" Final Report 2015-2016
May 19, 2015 Conference
Don Mullinax Presentation:
Fraud Awareness: School Construction
The California League of Bond Oversight Committees (CaLBOC) is an all volunteer, non-partisan association of Citizen Bond Oversight Committee (CBOC) members, current and past, who are interested in helping other CBOC members. CaLBOC was formed in 2006 by CBOC members trying to find better training to help perform their duties. CaLBOC is a 501(c)3 charitable organization.
Feb. 17, 2017 | Jessica Caimi | norcalrecord.com
EXCERPT: The Sweetwater Union High School District in Chula Vista, California, is putting the past behind it after receiving $8.2 million as part of a pay-to-play legal settlement involving two construction companies. Gilbane Building Company and SGI Construction Management, two Northern California-based construction companies, will pay Sweetwater for their alleged involvement in the scandal. In exchange, the school district will drop its pending lawsuits against them. ...
To read the complete article visit:
June 21, 2017 | By Leo Castenenda | www.cbs8.com
EXCERPT: ... Here’s a simple summary of how Mello-Roos generally works:
A developer who wants to build housing submits paperwork to form a community facilities district. Voters who own land in the prospective development vote to pay Mello-Roos taxes to fund roads, community buildings and schools. Because no one yet lives in the area, the developer is usually the only one to vote. So taxes are often established by a vote of one person.
Gutierrez, of the taxpayers’ association, said Mello-Roos tax rates can’t be set based on a percent of a property’s value, the way normal taxes are. That has led to some creative taxation. He said he found one Mello-Roos district in Santa Barbara that taxed property owners for the number of bedrooms in a house. ...
More commonly, Mello-Roos taxes are based on square footage or the property type, such as an apartment or senior housing.
inewsource first looked into Mello-Roos taxes in 2012 and 2013, focusing on the Poway Unified School District. That investigation uncovered questionable spending of special taxes by the school administration, such as renovations at the district offices and upgrades at non-Mello-Roos schools.
... To read the complete article please visit:
Feb. 15, 2017 | By Ashly McGlone | www.voiceofsandiego.org
EXCERPT: ... The oversight groups, "By and large ... have proven ineffective and some committee members have told the Commission that is at least in part, by design," wrote the Little Hoover Commission. "Most of the concerns revolved around bond oversight committee members who lack training, have conflicts of interest, either real or perceived, and the difficulty committee members have receiving required documents from the districts." ... To read the complete article visit:
Little Hoover Commission Report:"Borrowed Money: Opportunities for Stronger Bond Oversight" Feb. 2017: www.lhc.ca.gov/studies/236/report236.html