A statewide grand jury on public corruption said the "squandering of hundreds of millions of taxpayer dollars for a mediocre product" saddled the Broward County School District with debt while leaving some areas of the county with overcrowded schools and others with vacancies.

Though the grand jury made no indictments, its scathing 51-page overview of the nation's sixth-largest school district cited "gross mismanagement" and "ineptitude of many individuals," none of whom were named.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.