Jeff Taylor over at MeckDeck has details of what seems to be a bailout for Jim Black by the Wake County Public Schools.
If you recall, as part of former Speaker Jim Black's (D-Mecklenburg) sentence, he had to pay a $1 million fine in addition to his prison sentence. Having already paid back $500,000 of the fine, Black needed to come up with another $500,000 to satisfy the plea arrangement.
Taylor has uncovered a property transfer report in the Charlotte Business Journal that list two properties totaling just over 7 acres transferred from Jim Black to the Wake County School System.
The tax value of these properties is assessed at just over $140,000.
Since all fines go to the schools, is Black being able to transfer just $140,000 worth of property to fulfill a $500,000 fine?
And just what in the world is the Wake County Public Schools going to do with 7 acres in Mecklenburg County?
Many, many questions need to be answered on this.