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More on the board spending

More on the board spending

Here’s an update on the board spending situation. It was reported recently that I had “Xbox” and “Netflix” charges on my statement.  Those credit-card charges are fraudulent, and we’ve disputed the charges.  We just received word...

Pension deal put to bed…for now

Well, we did it.  Tonight, we approved a deal that would place 50 percent of the interest-rate swaps into fixed-rate instruments, and the rest still in swaps.  It was, I think, a good compromise, given the current state of the market and the impact on our cash flow....

Sewing up the pension bonds

With April 24 looms an important deadline for DPS’ finances.  This is the date in which one of the key stakeholders in our volatile pension financing scheme contractually bows out of the deal, potentially leaving us with having to cough up $750 million in cash...

Pensions and apples and oranges

For those of you that have been paying attention the the issues around the DPS pensions, the latest update is that the state legislature’s audit committee just reported that the Public Employees Retirement Association (PERA)’s school division is sound. ...