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Racine Unified staff outline plan to issue up to $57.61 million in short-term notes for capital projects
Summary
At the Sept. 8 work session, district finance staff presented a plan to issue note anticipation notes not to exceed $57,610,000 under Wisconsin statutes to bridge cash flow for multiple capital projects.
At the Sept. 8 work session, district finance staff presented a parameters plan to issue note anticipation notes (NANs) not to exceed $57,610,000 under Wisconsin statutory authority to bridge cash flow for multiple capital projects. District finance staff explained the district will use a higher proportion of cash for projects than previously anticipated, which will reduce the total long-term borrowing need, but cash-flow timing creates a short window in…
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