Western Slope school districts turn to interest-free loans to keep classrooms running through temporary funding gaps

Western Slope school districts turn to interest-free loans to keep classrooms running through temporary funding gaps

Amid tight budgets and wait times for funding, some Western Slope school districts are using interest-free loans to keep classrooms running through cash-flow gaps. The Colorado Department of the Treasury announced on Sept. 3 that it had completed a $475 million sale that would be distributed as interest-free loans among 27 participating districts — including Aspen School District, Eagle County RE-50, Roaring Fork Schools and Summit County RE-1. …