Travis School District trustees are scheduled to consider a request Tuesday of the Solano County Board of Supervisors to authorize the county treasurer to transfer approximately $5.7 million in one or more loans to the school district.

The loans would cover what the staff report describes as one or more cash shortages caused by delays in payments from the state.

The amount is less than or equal to the 85% of fiscal year 2023-24 anticipated property tax revenues for the district, as estimated by the Solano County auditor, according to a staff report.

Source: Trustees to ask county for $5.7M bridge loan to cover Travis School District expenses