Financial consultants for Community Unit District 300 outlined the parameters for short-term loans the district needs to rectify a cash flow shortage that district officials expect to incur in the coming months.
The Carpentersville-area school board on Monday approved a resolution for $19 million in tax anticipation warrants — or a short-term loan — the district will repay after it collects property tax distributions from local counties in June. The resolution passed 6 -0.
Read more: http://www.dailyherald.com/article/20110124/news/701249819/#ixzz1PGcfqPyC
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