Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Policy 430 topic
No spam. Unsubscribe anytime.
Board waives first reading and later adopts revenue and investment policy 430; one no vote recorded
Summary
The board voted to waive the first reading of policy 430 (Revenue and Investment) and later approved the second reading; Mr. Adamo recorded a no vote during the waive/reading process, citing concerns about local investments and bond impacts.
The board moved to waive the first reading of policy 430 (Revenue and Investment). At the meeting, one board member objected on the record: “I wanted to indicate I'm inclined to vote against it... I'm out of some concern that investing in local school boards or local bonds will is highly correlated with our own, funding sources or bond rating,” said Mr. Adamo, who signaled he would vote no. The roll-call vote carried despite his opposition.
The board later moved, seconded and approved the second reading of the policy. The clerk recorded Mr. Adamo’s vote as “no” during the second-reading roll call; the overall motion carried. No amendments to the policy were recorded at the meeting.
The discussion on the waive motion reflected fiduciary concern about local investments and bond implications; district staff and other board members did not propose amendments at the meeting and directed the policy to final adoption as recorded.
