'The Wild West:' Committee Hears Claremont Budget Horrors, Postpones Vote on Rescue Plan

'The Wild West:' Committee Hears Claremont Budget Horrors, Postpones Vote on Rescue Plan

How badly were the Claremont School District’s finances mismanaged? At one point, a bookkeeping document reported the district had a $390,000 fund balance in the bank. But when interim business administrator Matt Angell checked with the bank, the account actually had a negative balance of $2.5 million. That was just one of the gasp-inducing details about the district’s fiscal mismanagement that surfaced during a state Senate Education Committee …