The Educated Guess: Easing the burden of deferrals

By John Fensterwald – Educated Guess

A bill working its way through the state Senate would require the state to share the financial burden it causes the next time it delays money due K-12 districts. Only a portion of the short-term interest charges that many districts face when forced to take out short-term loans would be reimbursed. But SB 1491 at least would recognize that billions of dollars in late payments can create an expensive cash crisis for districts, many of them in low-income areas.

via Easing the burden of deferrals – by John Fensterwald – Educated Guess.

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