Idaho’s state Land Board has bumped state Lands Director Tom Schultz’s salary from $112,800 per year to $120,000.
That’s keeping with a promised salary review when he was hired. He seems to be an OK guy, has a good resume and follows the will of the Board. We have a problem with the board’s decisions on deals Shultz presents.
He keeps two sets of books to disguise the millions of dollars the agency spends for “tenant improvements” on downtown Boise commercial real estate owned by the state. The state spends on the cash accounting method–real time dollars. Shultz and staff spend money for the benefit of private businesses–like a brew pub, but explain if the accrual accounting method is used, they actually would show a profit.
So far they are only spending, but claim that rental income will begin this year. While it was spent in one year, they show on the second set of books it can be spread over many years to look better.
Sorry Tom, can’t have it both ways. Truth is, schools are missing out on benefits. The GUARDIAN maintains the position that government should not be in business normally run by the private sector.
Here is a SPOKESMAN report by Betsy Russell.
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