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Taxpayer association slams bonds it once endorsed

Poway's bond gets Grand Golden Fleece award

Blogger W.C. Varones points out that the San Diego County Taxpayers Association gave its Grand Golden Fleece award to Poway for its bond that raised $105 million but in the long run will cost about $1 billion. But the taxpayer association had endorsed the bonds initially. Former reporter and blogger joel Thurtell of Michigan initially exposed the bonds, and Voice of San Diego flushed out many more details. One such detail: "The [Poway] bond also had considerable cachet, thanks to a coveted endorsement from the San Diego County Taxpayers Association. Indeed, association President Lani Lutar's name was first on a list of five local dignitaries named on the ballot supporting the bond," reported the Voice.

Notes Varones, "The San Diego County Taxpayers Association represents developers and crony capitalist interests, not taxpayers. It is a pay-to-play organization, and its board and executive committee are a who's who of people doing business with government agencies."

Giving the Golden Fleece award to Poway for a bond the association had endorsed merits the San Diego Taxpayers Association getting the "Golden Gonads Award," says Varones.

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Blogger W.C. Varones points out that the San Diego County Taxpayers Association gave its Grand Golden Fleece award to Poway for its bond that raised $105 million but in the long run will cost about $1 billion. But the taxpayer association had endorsed the bonds initially. Former reporter and blogger joel Thurtell of Michigan initially exposed the bonds, and Voice of San Diego flushed out many more details. One such detail: "The [Poway] bond also had considerable cachet, thanks to a coveted endorsement from the San Diego County Taxpayers Association. Indeed, association President Lani Lutar's name was first on a list of five local dignitaries named on the ballot supporting the bond," reported the Voice.

Notes Varones, "The San Diego County Taxpayers Association represents developers and crony capitalist interests, not taxpayers. It is a pay-to-play organization, and its board and executive committee are a who's who of people doing business with government agencies."

Giving the Golden Fleece award to Poway for a bond the association had endorsed merits the San Diego Taxpayers Association getting the "Golden Gonads Award," says Varones.

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Comments
6

follow the money and see if any of those involved in making the decisions had any "incentive" to make the bad decision.

May 11, 2013

Murphyjunk: The most egregious decision by the San Diego County Taxpayers Association, which serves only a select few San Diegans, was going along with the Moores plan for the ballpark, when the then-head of the association, Scott Barnett, knew it was a fleece job. Moores rode off to Texas with $700,000 to $1 billion just from getting the ballpark district land cheap and reselling it. He got out of town quick with a satchel of money. Best, Don Bauder

May 11, 2013

Moores came back to town and took more: $600 million and counting from sales of ServiceNow stock.

May 11, 2013

Burwell: Absolutely. He got out of ServiceNow in a hurry, as his wont. (Get those founders or early round shares cheap and dump them quickly -- that's his MO.) Of course, he dumped more than $600 million in stock of Peregrine Systems, of which he was chairman. As it was clear that the whole thing was a scam, Moores hired his lawyer, Charles La Bella, who quarterbacked a whitewash vindicating board members. Best, Don Bauder

May 11, 2013

Sing-along to "Farmer in the Dell:" Taxpayers Assn. Lani Looter endorsed the expensive Poway bond that was outed by a writer in Michigan who gets ignored by VoiceofSanDiego reporter Will Care-Less who takes the credit and gets a prize from the Taxpayers Assn. before leaving town for a gig in Ecuador.

May 11, 2013

monaghan: The Voice gave Thurtell a little credit, but continued to take bows for a long time. Best, Don Bauder

May 11, 2013

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