By Jane Reuter – Updated version Feb. 11, 2013
Douglas County School Board President John Carson defended the district’s financial reserves during the board’s Feb. 5 meeting, saying the fund ensures a credit rating that saves taxpayers money.
“We as a board have set a 4 percent reserve,” he said. “Some people think that’s too high. I think in the economy and budget we’re in, with fluctuations in revenue, it’s the prudent thing to do. Not only prudent for the long-term planning and welfare of our district, but it obviously pays huge financial dividends back to the school district and taxpayers of Douglas County.”Read More