HOUSTON – We are following breaking developments involving the Houston Independent School District.
A new, independent audit has shed more light on why the district fell more than $200 million short in its bond program to renovate 40 schools.
Recommended Videos
In the original HISD audit, inflation was not listed as the key driver for the increased construction costs.
In the new report, third-party auditor KPMG said rising construction costs in Houston were in fact the main reason more money was needed.
The new audit also said the district did not provide sufficient oversight on subcontractor bidding and the program is lacking an efficient organizational structure.