All 12 Major Donors to Prop. U School Bond Campaign Won Contracts

A new report digs into the relationship between companies that contribute to school bond campaigns and the awarding of contracts.

Each of the 12 companies that donated more than $5,000 to the Grossmont Union High School District (GUHSD) Proposition U school bond campaign were given a contract to work on the bond project, according to a recent report by Voice of San Diego and NBC 7 San Diego.

The report documents 17 school districts in the county, including the Santee School District, which awarded contracts to three of four large donors to the 2006 Proposition R school bond campaign.

School bond programs entail millions of dollars of tax payer money and the campaigns to get them passed at the ballot require major donations. But, campaign donations are legally not supposed to influence the district's awarding of contracts for financing and constructing the projects.

The Voice of San Diego/NBC 7 report found a "significant correlation" between companies that donated to a bond campaign and the subsequent awarding of contracts to those same companies in 13 of 17 school districts with bond projects since 2006.

Many of these companies that benefit from the school bond projects deal with financing of the bonds, acting as a middle man between the school district and investors, netting a lucrative profit.

The report found that UBS Securities LLC gave $25,000 to the Santee School District Proposition R campaign, and once the bond project passed, UBS became the underwriter for the bonds. The same occurred with GUHSD. Stone and Youngburg donated $25,000 to the Prop U campaign and acted as underwriter for bonds in 2009, 2010 and 2011.

Read the full report at Voice of San Diego

Danielle Griffin February 24, 2013 at 02:30 AM
Sounds like a job for Turko. Lets get to the bottom of this!
PwmCwzy February 24, 2013 at 03:11 AM
Komfort & Things - You two are really something. Bridget is in the hospital fighting for her life after several surgical procedures. After spending several days with her waiting for her children to arrive, I doubt she has the energy to appreciate your stupidity or what you think is a sense of humor.
Things I Learned February 24, 2013 at 03:31 AM
(clown nose off) My thoughts are with her. Please wish her well. (clown nose on) http://www.youtube.com/watch?v=A6AQAnd6YqY
Komfort February 24, 2013 at 04:00 AM
This is a tough time in fake name world. My fake name has been called a racist by your many fake names without any justification. Now one of your fake names is sick, :-( , and I am supposed to find a Hallmark that covers fake people. I will search the round file. http://www.youtube.com/watch?v=KVN_x2YTJ6Q
Danielle Griffin February 24, 2013 at 03:34 PM
Kathy great point so what is your plan of action?


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