Howland Schools borrowing $1.5 million to afford staff’s paychecks

Local News

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.

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