South Routt School Board to consider asking for loan
November 18, 2010
The South Routt School Board tonight is scheduled to consider a resolution to participate in the state's interest-free loan program. The program had been suspended with state voters considering tax- and fee-cutting ballot measures Proposition 101 and Amendments 60 and 61. With their rejection, the program has been reinstated.
District Finance Director Dina Murray said South Routt would request $1.7 million. The district previously had received $665,000 from the state. Murray said both loans would be repaid by June 25, after the district receives its property tax revenues this spring.
An operations and maintenance presentation is scheduled for 6 p.m., followed by an executive session at 6:30 for School Board members to discuss personnel contracts. The regular session is set to begin at 7 p.m. at the district administrative offices, 305 S. Grant St. in Oak Creek.