Sections

Weather Forecast

Close
Advertisement

Board approves $4.1 million bonds

Email News Alerts

The Park Rapids Area School Board has approved the sale of $4,155,000 in General Obligation Aid Anticipation Certificates in order to meet current expenses to cover a cash flow deficit.

Advertisement

The cash flow deficit comes from a 60-40 state funding shift to K-12 schools. Districts will receive 60 percent of this year's funding with a "promise" of 40 percent the following year.

Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.

You will need your subscription account number and phone number. Not sure if you have an account? Email us at subscriberservices@forumcomm.com and we can help you.

Advertisement
Anna Erickson
Anna Erickson is editor of the Park Rapids Enterprise.
(218) 732-3364
Advertisement
randomness