Broward School’s $800 million bond program is in trouble with costs skyrocketing by as much as 40 percent.
Many of the projects promises by School Superintendent Robert Runcie and the School Board cannot be done for the original estimated costs.
To finish the renovation and repairs of the 236 schools in Broward will take more money than the bonds provided.
And you know the source of that new money: Your wallet.
Sound familiar.
Broken government promises are a sad, old story.
Here are the six signs that the bond program is broken:
- Clue One: Internal school documents indicate the original cost estimates are off by 25 percent. Another internal document is gloomier. It predicts that the $800 million bond project could be as much as $464.4 million in the hole.
- A January 10th memo from consultant Atkins North American Inc to School Construction Chief Leo Bobadilla notes that 16 projects under design have been re-estimated. “…Comparing them to budget allocated for construction has resulted in an approximate average increase of 25 percent…”
