This month's dilemma:
Banking on the Hometown Choice?Scenario:
The board of education is about to award a contract for the districtís banking services for the coming year. Two proposals are submitted ó one from a local bank, the other from a bank in a nearby community. The local bank has had the districtís business for years and performed well. The bank in the neighboring community offers investment services not available locally. That bank also provides a better interest rate on day-to-day investments. At the board meeting, the local banker urges keeping the contract with the bank that employs constituents and taxpayers. The board president asks the superintendent for a recommendation.Read our panelists' responses here.