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Strait board, P3 developer to work on settlement

posted Oct 4, 2010, 5:59 AM by Concerned Parents
The Strait Regional School Board is negotiating with the P3 Developer to receive interest on the over $700,000 in underpayments, for services provided to the developer by the Board.  The Board has estimated the interest payments to be around $200,000, making this close to a $1 Million oversight by the administrators of the SRSB, who are currently pursuing a policy of School Closures to save money in light of economic pressures on revenue and declining enrollment.

It is also noted in this article that the $1 Million oversight was only discovered by the SRSB, "after provincial auditor general Jacques Lapointe revealed shortfalls in what the board was paid to provide certain services at the schools."

Full article published in the Chronicle Herald (2010-10-04)