Voter Guide Candidate Statement

I obtained a PhD in Computer Science in 1993. After teaching a year in college I switched to working in Finance and Technology industries as a Data Scientist. Since 2013 I have followed the District’s bond funding options, and provided oversight with detailed comments in emails and Board meetings. My articles can be searched on my HariTitan.com website using keywords: AHT, STEM, Kindergarten or CAB.

CAB financing involves compound interest instead of simple interest, unnecessarily increasing total property taxpayer repayments with unproductive debt. Without prior notice or explanation to the public, a CAB was issued in 2013 to finance the Havens rebuild and our repayments were deferred until 2027. Since 2013 I have been promoting the more traditional pay-as-you-go bond financing that works like a fixed-rate mortgage.

The 2013 CAB was refinanced in late 2017, saving Piedmonters $26,162,581 in property taxes mostly from reduced compound interest charges. This a major accomplishment and culmination of my educational efforts. On the downside, approximately $18.8 million in compound interest charges are unrecoverable due to a 10-year no-refinance clause in the 2013 CAB. If elected I would help ban CABs unless explicitly voted for by the public.

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