Schools need to be better regulated because they should not have spent this money this way. This is the fault of the school board and of the citizens of the town. They need to hold the board accountable and find a way to recover as much of that money as possible.
The American people have known for a very long time our school system is flawed. This disgusting oversight is a pebble in a sea of mountainous issues in the school system struggling to combat monetization as opposed to legitimate student learning and education, such as instituting common core programs which have proven ineffective in a majority of public schools and appears to be nothing more than the monetization of young minds by educational giants. Tighter legislation would prevent schools from becoming money blind.
Yes, if school districts can't handle their funds properly, then they need better regulation. Who builds a stadium but forgets to build a school? This is a complete abomination! Stadiums are not necessary. They're just for sports. Education is far more important. Every child should have access to good education. If Texas doesn't know this, then it needs to be better regulated.
Many schools spend huge amounts on sports when their other programs are in dire straits. Kids should be able to have decent tracks, fields etc, but books, computers, decent classrooms and cafeterias should also be a priority. Education should be a bigger priority than a new stadium, and if that's not happening, then more regulation is needed.