Willmar, Minn., School Board OKs $3.5M in borrowing for cash flow
WILLMAR -- The uncertainty of school funding during the state government shutdown is leading the Willmar School Board to consider borrowing $3.5 million this fall to maintain a positive cash flow during the school year.
Board members discussed the need to borrow at their meeting Monday afternoon. They adopted a resolution authorizing the district to participate in aid anticipation borrowing.
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