NEW- THE FLEECING OF THE TAXPAYER- HODGSON RUSS LEGAL BILL
*****NEW****Click on link below to be directed to the Hodgson Russ Legal Bills Jan- May 2016- THE FLEECING OF THE TAXPAYER.https://drive.google.com/file/d/0B03Rg-d-K8EZYVRLTUxxVmpUNzA/view?usp=sharing
Friday, December 31, 2010
The Sorcerer's Apprentice
The current Business Director of the Hamburg Central School District came to Hamburg with Dr. Roswell in the 90s from Holland Schools. Therefore, he presided over many financial mishaps and it can be argued that he has been giving the Board bad information for years [click here for state audit]. In fact, it seems as though he bases his budget estimates on "voodoo economics". For example, it is easier to predict the weather in Buffalo than to predict his projected fund balance and he bases an increase in transportation contractual rates on the May 2011 Consumer Price Index (CPI) [click here for 2011-2012 budget]. I'm not an economist but from what I remember, CPI is a lagging indicator [click here for CPI information]. Since it is a lagging indicator it describes what happened in the past, not the future. Does Mr. Bagley have an economic crystal ball? I bet that would go on eBay for millions and solve all of Hamburg's budget problems. Therefore, how can the Business Director base anything off of a May 2011 CPI? Maybe he knows something about the economy that Ben Bernanke does not. My question is, how did he manage to keep his position while the superintendent and the school board president resigned over the scandal?