District plans a $2.5 million line of credit for cash flow

What happened

The October 27, 2026 special meeting agenda lists a resolution authorizing taxable temporary borrowing of up to $2,500,000 through a line of credit with Old National Bank. An $800,000 temporary borrowing resolution was on the December 17, 2025 agenda, and the October 19 agenda lists a line of credit renewal.

Why it matters to families

Short-term borrowing covers gaps between when bills are due and when taxes and aid arrive; the district says its referendum was meant to reduce reliance on it.

The evidence

The October 27 agenda shows the resolution as proposed; no vote is recorded in the collected files.

The source