Elvin: Community college or Wall Street?
January 14, 2013
When I began working at Colorado Mountain College, we were so short of money that we shared Resucci-Annies by shipping them back-and-forth between Breckenridge and Leadville to use in our First Aid classes.Things have certainly changed! Let’s say you work for someone and they don’t like your work, they may even ask you to resign, but to soften the blow, to make them feel better about letting you go, they write you a check for half a million dollars. Is this a small community college or Wall Street? The CMC Board of Trustees have used taxpayer money to end a relationship with the current president. Out of the last three presidents of the college they have bought off two of them, for a cost of over $800,000. That is your money we are talking about. As I remember, half the money to operate our college comes from a mill levy on property owned within the CMC district. That is all property between the Eisenhower Tunnel and Battlement Mesa to the west, from half of Routt County and Steamboat Springs to Aspen and Leadville and everything in between. It is outrageous! If the board wants to pay for this kind of irresponsible financial behavior itself, go ahead, but do not use the limited amount the taxpayers have to cover your supposed debts. Plus, do you really think it is necessary to pay the president of CMC with salary and benefits equal to $250,000 per year? I don’t. They are not the president of Harvard or CU. The college sees great financial benefits from the huge number of second-home owners within the district and maybe they think they are invisible to any oversight, they need to be accountable.