Georgetown schools may have to borrow funds
By Douglas Toole
Tuesday July 24, 2007
GEORGETOWN – If county tax and state aid payments are not received soon, school officials may have to borrow funds in order to meet expenses, Superintendent Kevin Tate said Monday.
The Georgetown-Ridge Farm school district has a $10.46 million budget for the current fiscal year. The district plans to generate about $10.15 million in revenues during the fiscal year, leaving a projected deficit of $301,000.
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