Dallas Schools Urged to Borrow $100M
Dallas schools trustees have been told that the district needs a $100 million loan in order to pay all of its expenses through the next school year because the district's reserve funds are insufficient to meet budget costs.
Larry Throm, Dallas schools executive chief financial officer, told trustees Thursday during a budget meeting that the $100 million loan will cost the district an estimated $1 million in interest.
Throm said the borrowed funds would carry the district until state money kicks in, The Dallas Morning News ...
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