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All 12 Major Donors to Prop. U School Bond Campaign Won Contracts

A new report digs into the relationship between companies that contribute to school bond campaigns and the awarding of contracts.

Each of the 12 companies that donated more than $5,000 to the Grossmont Union High School District (GUHSD) Proposition U school bond campaign were given a contract to work on the bond project, according to a recent report by Voice of San Diego and NBC 7 San Diego.

The report documents 17 school districts in the county, including the Santee School District, which awarded contracts to three of four large donors to the 2006 Proposition R school bond campaign.

School bond programs entail millions of dollars of tax payer money and the campaigns to get them passed at the ballot require major donations. But, campaign donations are legally not supposed to influence the district's awarding of contracts for financing and constructing the projects.

The Voice of San Diego/NBC 7 report found a "significant correlation" between companies that donated to a bond campaign and the subsequent awarding of contracts to those same companies in 13 of 17 school districts with bond projects since 2006.

Many of these companies that benefit from the school bond projects deal with financing of the bonds, acting as a middle man between the school district and investors, netting a lucrative profit.

The report found that UBS Securities LLC gave $25,000 to the Santee School District Proposition R campaign, and once the bond project passed, UBS became the underwriter for the bonds. The same occurred with GUHSD. Stone and Youngburg donated $25,000 to the Prop U campaign and acted as underwriter for bonds in 2009, 2010 and 2011.

Read the full report at Voice of San Diego

Brian February 23, 2013 at 05:00 PM
What a surprise.
rudy reyes February 23, 2013 at 05:14 PM
More corruption in politics! This should be investigated
Komfort February 23, 2013 at 06:18 PM
"A health insurance company headed by an old friend from President Obama’s days as a community organizer got a $340 million federal loan to establish Obamacare co-ops in New York, New Jersey and Oregon despite having a chronic record of consumer and regulatory complaints. The New York-based Freelancers Insurance Company has been rated the “worst” insurer for two straight years by state regulators, and data compiled by a national insurance association show an extremely high rate of consumer complaints. The firm was founded in 2008 by Sara Horowitz, who worked with Obama before his career in elective politics to launch Demos, a left-wing, New York think tank funded in part by George Soros. Before May 13, 2011, the Demos website described Horowitz and Obama as members of the founding group in 1999 that became “the core of Demos’ staff and Board of Trustees.” Sometime between that date and Nov. 6, 2011, the Obama reference was deleted, according to cached versions of the site stored by the Internet Archive’s Wayback Machine." http://washingtonexaminer.com/obama-ally-got-340-million-to-set-up-health-care-co-ops/article/2522229
Jimmy Sanders February 23, 2013 at 06:23 PM
http://www.youtube.com/watch?v=SjbPi00k_ME
Doug Curlee February 23, 2013 at 07:06 PM
what i can't underrstand is why anyone is at all surprised by any of this.. is it immoral? probably so.. is it illegal?..probably not.. this has been going on in one form or another since people learned how to put up buildings by piling one stone on top of another one.. and no, komfort..there's no use trying to drag obama into this one..this goes beyond friends and political parties..it's purely money..i'd bet just about every person and company who benefits from the local bond issue contracts are staunch, hard-core republicans...most builders and bankers tend to be... so don't let your obama derangement syndrome get out of control on this one.. doug
Komfort February 23, 2013 at 07:26 PM
Most people who know how to create wealth are republicans?
Doug Curlee February 23, 2013 at 07:58 PM
i think, and i said, most builders and bankers are republicans.. that's been my experience over more than 40 years of covering stories involving them.. doug
Komfort February 23, 2013 at 09:03 PM
Builders and bankers have nothing to do with wealth?
Doug Curlee February 23, 2013 at 10:06 PM
komfort.. i said what i said.. deal with it.. doug
PwmCwzy February 23, 2013 at 10:20 PM
Komfort - Your point is? It is a loan from the govt, just like a person who gets a Small Business Loan. All loans are tax free even if you get them from a bank. You don't pay taxes on monies you receive in a loan, no matter who it is from. The wording they used "tax free loan" is to make you think they got something that no one else got. It is not an "Obamacare co-op", it is a healthcare co-op. People will have a choice! They will be able to go to state exchanges to choose whatever healthplan they want or can afford. Get over your obsession with hating all things Obama.
PwmCwzy February 23, 2013 at 10:31 PM
Rudy - Why do you say corruption? Were there other companies out there offering to underwrite the bonds? If so did we get the best deal? Why did Voice of San Diego and NBC7 state it the way they did? Do they know - or have proof of - something more than what they reported? Did the district's contracting officers awarding the contracts have knowledge of who donated to proposition campaigns?
Komfort February 23, 2013 at 10:34 PM
http://www.youtube.com/watch?v=cnZGRHC11K0
Komfort February 23, 2013 at 10:35 PM
I did.
Kathy February 23, 2013 at 11:19 PM
There is are no HONEST Politicians, Financial Institutes or Attorneys, so don't be surprised. As long as the Public tolerates its, vote for known crooked Politicians, place your money in Financial Institutes and hire Attorneys which are over paid Story Tellers this is an ongoing problem. It is so sad that the average American Citizen would rather just sit back and tolerate it instead of doing something about it. MONEY IS POWER IS AMERICA! NO MONEY, NO POWER!
Things I Learned February 23, 2013 at 11:31 PM
The deal is up and up this is why they deleted the part about being FOOs.
PwmCwzy February 24, 2013 at 12:17 AM
Komfort - Get over your problem with Obamacare. This thread is supposed to be about San Diego bond propositions and their campaigns.
Things I Learned February 24, 2013 at 01:04 AM
We can only focus on one set of fake claims about government spending at a time!
PwmCwzy February 24, 2013 at 01:21 AM
And what fake claims are YOU referring to pray tell?
Komfort February 24, 2013 at 01:34 AM
"James Summers, 52, waltzed into a Madison Denny's on Tuesday wearing a coat and tie and CLAIMING to be a 30-year corporate veteran of the restaurant chain, according to a Madison Police Department press release." http://www.huffingtonpost.com/mobileweb/2012/02/23/dennys-arrest-making-cheeseburger-fries-james-summers-wisconsin_n_1297400.html Fake claims about what happens at Denny's seems so be spreading, BridgetPwmMaryDoug.
Things I Learned February 24, 2013 at 01:43 AM
Please do not litter this thread with your religious nonsense BridgetPwm.
Danielle Griffin February 24, 2013 at 02:30 AM
Sounds like a job for Turko. Lets get to the bottom of this!
PwmCwzy February 24, 2013 at 03:11 AM
Komfort & Things - You two are really something. Bridget is in the hospital fighting for her life after several surgical procedures. After spending several days with her waiting for her children to arrive, I doubt she has the energy to appreciate your stupidity or what you think is a sense of humor.
Things I Learned February 24, 2013 at 03:31 AM
(clown nose off) My thoughts are with her. Please wish her well. (clown nose on) http://www.youtube.com/watch?v=A6AQAnd6YqY
Komfort February 24, 2013 at 04:00 AM
This is a tough time in fake name world. My fake name has been called a racist by your many fake names without any justification. Now one of your fake names is sick, :-( , and I am supposed to find a Hallmark that covers fake people. I will search the round file. http://www.youtube.com/watch?v=KVN_x2YTJ6Q
Danielle Griffin February 24, 2013 at 03:34 PM
Kathy great point so what is your plan of action?

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