So says "Captain Obvious" (AKA Moody's Investor Service) regarding the financial train wreck that is DeKalb County Schools. After all this is an organization yet to adopt 20th century accounting practices (like accrual) and it IS the 21st century. On the upside this may be just what it takes to 86 the notion of a general obligation bond since DeKalb simply cannot comply and Moody's will drop the hammer. And the credit rating.
Though some will feign shock it should come as no surprise to anyone as those who've been "reviewing the situation" know all too well this system is foundering with direction towards most certain collapse. For decades DCSD has been a cesspool of incompetence and corruption with the only remaining question not why it still exists but why anyone makes any child swim in it.
Though some will feign shock it should come as no surprise to anyone as those who've been "reviewing the situation" know all too well this system is foundering with direction towards most certain collapse. For decades DCSD has been a cesspool of incompetence and corruption with the only remaining question not why it still exists but why anyone makes any child swim in it.
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