Schools Borrow $346 Million Due to Stalemate
October 2, 2015
Auditor General Eugene DePasquale reported that through September, the prolonged state budget impasse forced at least 17 school districts and two intermediate units to borrow more than $346 million to meet expenses and keep classrooms open. Interest and fees on those borrowed education dollars could reach $11.2 million.
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Source: Titusville Herald, Oct.1, 2015.