Wednesday, February 25, 2015
Joplin R-8 borrows $28 million; Globe doesn't even mention it
I remember a time when a school district borrowing $28 million and discussing it during a board of education meeting would have been considered front page news.
The Joplin R-8 Board of Education agreed to borrow another $28 million Tuesday night, including $14 million to pay off the $37 million the board borrowed in August and another $14 million to make sure contractors can be paid.
That decision is not only left unmentioned on page one of today's Joplin Globe, but you won't find it anywhere else in the newspaper either.
The borrowing becomes an even more important story when the debt is supposed to be paid back by $30.4 million from federal and state agencies, and at this point, the district cannot be certain that it will receive the money.
It should be interesting to see how the area's newspaper of record covers the upcoming release of the Joplin R-8 state audit report.