Our prescient words from paragraphs #5 and #6 of our August 27th blog post titled "Ransom" regarding the missing $27 million have come to pass. First, from new Scott Schools Superintendent Kevin Hub. And when that didn't fly, then from Georgetown News Graphic publisher Mike Scogin. Scogin, whose wife works for Hub, dutifully published a commentary reiterating the company line, pretty much saying it is all too complicated to understand so we need to just trust them. And now newly hired Scott School's fiscal agent Hilliard Lyons presented the exact magical scenario we predicted at last Thursday's School Board meeting. Consider the actual facts though, all verifiable on video ;
Scott County School Board Meeting Dates -
4-22-13 - Glenn Beshear of recently fired, but then Scott County Schools fiscal agent Ross, Sinclair and Associates reports the district's bonding capacity is $10,310,000.
4-24-14 - One year later at this "work session" then Superintendent Patricia Putty passed out information that the district would have $15,555,000 bonding potential in two months, July, 1.
11-16-14 - Ross, Sinclair and Associates claims the district's current bonding potential to be $15,500,000 and projects that potential will grow to $21,075,000 by January, 2016. Comment was made by Putty that it looks now like we can afford to have a gymnasium when Phase 1 of Great Crossing High School opens in August of 2017. That would be next August, folks. New Superintendent Kevin Hub's best projection to open GCHS, all dependent on his proposed tax increase, is now August, 2019.
1-29-15 - This is where it gets even more interesting. Randy Cutright, the district's Director of Finance brought to Scott County in 1992 by then new Superintendent Dallas Blankenship, reported these bonding projections;
January 2016 - $22,500,000
January 2017 - $28,400,000
January 2018 - $34,500,000
January 2020 - $46,500,000
2-12-15 - Then Director of Facilities Mike Lusher reported the district had filed a BG#1 with the state (a BG #1 is the initial form for a GCHS construction project), with bonding of $15,500,000, which concurred with the Ross, Sinclair amount reported amount 3 months earlier.
7-16-15 - Board Vice- Chair Kevin Kidwell asks Finance Director Randy Cutright to provide updated bonding projections from those Mr. Cutright had provided just six months earlier, and out to at least 2017, as soon as possible.
11-05-15 - Randy Cutright said the current bonding projection for January 2016 was $25,000,000. Vice Chair Kidwell commented that soon after his joining the Board, bonding growth from January 2016 to January 2017 was to be $5,900,000 (as Mr. Cutright reported on 1-29-15, see above) but confirmed the projection had dropped some $3,550,000 to $1,350,000.
7-01-16 - New Superintendent Kevin Hub reports the district's current bonding potential to be $48,000,000, some 1.5 million dollars more than the district was "projected" to have in 2020, and upped it just weeks later to $55,000,000. Oh, and he fired Ross, Sinclair and Associates at the same time.
Now you can believe the News Graphic's October 1st account of Hub's newly hired fiscal agent Gregory C. Phillips if you want. According to that GNG account Greg says that "The Kentucky General Assembly's increase in funds for school construction along with Scott County School's refinancing of existing bond issues account for a near doubling of the school district's bonding capacity". Think about that folks! Did the General Assembly hit the Powerball? This logic extends that all 176 school districts in the state would have received a proportionate increase. We think you would have read about such a generous General Assembly action in a reputable newspaper were it to have occurred. That's beyond Powerball numbers folks! Again, re-read "Ransom".
We choose to have a pulse. If bonding projections were as volatile as Greg has been hired on to make you believe, they would be called "wishful thinking", not projections. And nothing could ever be built with such imprecise monetary data from which to formulate decisions. No other school district's bonding had close to such a dramatic fluctuation for the same period. Or for any period for that matter! Bonding projections went from Cutright's $25 million for January of this year (a projection made just two months prior, last November) but were discovered to be $52 million just 6 months later upon Hub's arrival, and is now reported to be $55 million! Plenty to build GCHS WITHOUT ANY TAX INCREASE!
Why would the Putty administration have suppressed the bonding? Simple - suppressed bonding = suppressed GCHS. Why the cover up? That's simple too - influential people involved.
The real questions though are - why does this School Board, supposedly populated with citizens of integrity, cower? And why do they want more of our money when they have plenty to build GCHS NOW?