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It’s a common situation: A school district in desperate need of additions or renovations and technology upgrades borrows money from investors, to be paid back with interest. But for the Poway Unified School District in San Diego County, Calif., there is a twist: They don’t need to make any payments on the $105 million they borrowed in 2011 until 2033, so the district’s debt will continue to grow as interest on the loan amasses. In the end, taxpayers will be charged $877 million in interest alone.


Veteran Superintendent Paul Vallas is onto the next big thing.

Frank Costanzo

Frank Costanzo has proven his effectiveness and dedication given his latest test on April 27. Costanzo, superintendent of the Tuscaloosa County (Ala.) School System for seven years, had seen many storms and tornadoes hit his district, but this was by far the worst. On the evening of April 27, just minutes after an F4 tornado ripped through the Holt area of Tuscaloosa County, Costanzo partnered with emergency personnel and opened a shelter at Holt Elementary School, whose roof was damaged but not its gymnasium, and set up a communications center.

In the spring of 2007, Sen. Mary Landrieu of Louisiana made the first call. Gov. Kathleen Blanco made the next call. And Louisiana's state superintendent of schools, Paul Pastorek, made the final pitch. The trio wanted to know if Paul Vallas, the renowned CEO of the School District of Philadelphia, would make a move to New Orleans to oversee the most troubled campuses in the state and arguably in the nation.