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Mahanoy Area School District Forced to Borrow Funds Amid State Budget Stalemate
Summary by skooknews.com
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1 Articles
Mahanoy Area School District Forced to Borrow Funds Amid State Budget Stalemate
The Mahanoy Area School District has been forced to take out a short-term loan to maintain operations after state legislators failed to pass a budget by the July 1 deadline, creating a significant financial strain for local schools. With the state budget now more than three months overdue, Mahanoy Area has not received its expected funding from Harrisburg. To cover essential cash flow needs, the district must borrow money at a cost estimated bet…
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