Board to borrow up to $2 million at 4.89% for operations

What happened

The board's October 27, 2026 levy meeting agenda lists a resolution to short-term borrow up to $2 million from National Exchange Bank at 4.89%, tied to the levy certification, to pay operating costs this school year.

Why it matters to families

Short-term loans cover bills until taxes and state aid arrive and cost interest.

The evidence

The agenda states the amount, rate and purpose; the vote is not in the collected files.

The source