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'It gives me great pleasure to welcome Greg Ford to our Board of Directors. Both his direct experience with major financial institutions and his demonstrated leadership ability will help Zaio as we focus on delivering on our vision to remodel and enhance the valuation industry,' said Board Chair George Reti. Also praising Ford was Douglas Vincent, Zaio CEO who commented, 'Greg brings to Zaio an important dimension and perspective from the lending community. His understanding of what financial institutions need is a perfect fit for us.'
DALLAS The Texas education chief has threatened to step in if the Dallas school district can't quickly resolve a shocking $84 million budget shortfall discovered recently.
The warning from Texas Education Agency Commissioner Robert Scott came Friday, a day after the Dallas Independent School District board postponed for the second time a vote on Superintendent Michael Hinojosa's rescue plan. The proposal would cut 1,209 positions, including 675 teachers.
Scott said he wants to give the district time to deal with the crisis, but that 'there is a sense of urgency.' He declined to discuss his options, but a TEA spokeswoman said the most likely step would be appointing a financial conservator with the power to overrule the board and superintendent.
'If there is an impasse, if this becomes a protracted discussion and there are ultimate delays, then there's going to have to be some other type of action taken,' Scott said in Saturday's editions of The Dallas Morning News.
Throngs of angry teachers attended a contentious board meeting Thursday night, when a three-hour session ended with trustees voting not to give Hinojosa the go-ahead to make the cuts to cover the expected shortfall
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