L.I.S.D. Takes Loans to Make Payroll - KLTV.com - Tyler, Longview, Jacksonville |ETX News

08/14/02 - Longview

L.I.S.D. Takes Loans to Make Payroll

  Not enough money in Longview I.S.D's cash reserves means they'll have to borrow to make payroll for August and September. State money and other district revenues arrive this month but not in time to offset a shortfall. School trustees' have approved "tax anticipation notes" from Bank One, which are essentially bank loans.
Powered by Frankly