Hallsville ISD seems to have misplaced $12.3 million dollars and according to an article in the Longview News-Journal the Superintendent has no clue as to where the money has gone. Superintendent Wright blames the former Finance Director for the misplaced funds and leaving the district with a $3.8 million deficit when the district closed its books in August 2010. The hunt for the missing funds is currently under investigation by the district.
Ironic is a piece in the same paper that addresses schools in Texas could lose millions in state funding. Seems to reason that if you can't keep up with small change like $12.3 million then why should the taxpayer provide additional funds that could become unaccounted.
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