The Howland School District said it will need to borrow $1.5 million to fund payroll for the next several weeks.
Treasurer Rhonda Amorganos said they’re low on cash and need to use a Tax Anticipation Note to borrow the money. That’s a short-term loan the district will pay back when it gets the money from property taxes.
“Basically, we’re just waiting for those advances to come in so I predict we need about a million-and-a-half to get us through the next couple of weeks,” Amorganos said.
The district uses about 70 percent of its funding from the local community.