Budget Inaccuracies and Concerns

· $1.2 million in special education invoices went unpaid in 2017 and were not paid until 2018.  TESD’s Business Manager (Art McDonnell) and Superintendent (Richard Gusick) were not open and forthcoming with the details surrounding the error, delaying resolution of the issue at taxpayer expense. The Business Manager and the Superintendent were not held accountable. 

· In 2019 we added $48 million in debt to the balance sheet via a bond issuance increasing our interest-bearing debt by 44%. In September of 2021, our School Board voted unanimously to add up to $72 million in additional debt, more than doubling our amount of bonds payable and representing a potential 20% increase to our debt service (interest) payments.

Deficit? Surplus?

It Happened Again — $2M Budget Deficit Magically Becomes $3.1M Surplus as TESD Taxpayers Endure 17 Yrs of Tax Increases! How is This Possible Year After Year?

Debt Service

This slide shows the increase to our debt service from 95 million to 144 million.

Auditor’s Letter

Letter to Scott Dorsey from auditing firm
addressing accounting inaccuracies.

In Advance of Election Day – Audit Letter Related to TESD $1.2 Million Accounting Error Arrives

Budget Workshop 4/18/19 - Starts at 1:34:45

T/E Finance/Budget Workshop Results: 6% Tax Increase Continues & re District Accounting Error, the School Board Dismisses Community Financial Experts to Support Business Manager … Good Governance?

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