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Wednesday October 03, 2012 at 2:16 pm

Archive video of Harrisburg School District Business Administrator Jeff Bader during a March 30th 2009 Board of Control meeting, Bader explains how the Series 1999, 2003, and 2006 bond and related SWAPs began to spiral out of control driving the variable interest rates from an original 3.5% to as much as 24% interest, Bader goes on to say that if left as is the school district debt service will increase an additional $25 million for the following year.

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