Re: state trustee and fairmont -- Correction
- It was pointed out to me that my previous posts regarding the
district's reserve were not entirely accurate and could have been
What I was told was that the district has a $23 million reserve but
the state trustee has permitted spending of only $4 million in order
to maintain an adequate and prudent amount in reserves.
Sorry if anyone took this to mean that the entire district reserve is
Yours, Greg Chang