The Wake County school system stands to get less than half of the $500,000 it was supposed to receive from disgraced former House Speaker Jim Black for turning over land in Matthews to pay the fine for his state corruption conviction.
Black was allowed in 2009 to turn over 9.5 acres near Charlotte to the school system to settle half of the $1 million fine he was assessed in his state corruption case. On Tuesday, the school board will vote on selling the land to the Town of Matthews for $295,427.
If approved, the school system would get $241,127 with the State Board of Elections receiving $54,300.
UPDATE
Rick Henderson, managing editor of The Carolina Journal, which first reported on the land deal in 2009, writes in a blog post Friday for the conservative John Locke Foundation that Ron Margiotta was right.
In a comment to that post, Terry Stoops, director of education studies for the Locke Foundation, says Judge Donald Stephens owes Margiotta an apology for calling him "idiotic" for having criticized the deal in 2009.
