DL Schools may have to borrow
The Detroit Lakes School District may have to resort to short-term borrowing this spring when state payments are delayed.
Business manager Ted Heisserer suggested to the school board Monday that applying for a line of credit is a good idea.
"The state is anticipating a cash flow crunch in March, April, May," he said, adding that about 80 percent of the district's general fund revenue comes from the state.
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