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Treasurer reports Prescott School District financial distress; county asked about short-term bridge loan with state diversion guarantee
Summary
Walla Walla County Treasurer Gordon Heimbigner updated the board about the Prescott School District’s cash shortfall and a state-led financial oversight. OSPI asked whether the county would consider a $200,000–$300,000 short-term bridge loan contingent on OSPI redirecting apportionment payments to ensure repayment.
County Treasurer Gordon Heimbigner told commissioners on June 2 that the Prescott School District faces a cash shortfall this fiscal year and that the Office of Superintendent of Public Instruction (OSPI) is stepping in with financial oversight. OSPI has proposed a financial oversight committee and…
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