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St. Charles Parish School Board approves plan to borrow up to $65 million
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St. Charles Parish School Board approves plan to borrow up to $65 million
The St. Charles Parish School Board gave initial approval to pursue two forms of borrowing as the district works to address projected yearly budget deficits of $56 million to $64 million through 2028 if it makes no changes to its spending or revenue. On June 9, the School Board approved up to $30 million of Sales Tax Bonds and $35 million in Revenue Anticipation Notes. District staff will now move forward with the steps required before the bonds…
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