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Milan Area Schools board authorizes up to $2.1M borrowing against anticipated state aid
5088939 · June 26, 2025
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Summary
The board authorized borrowing up to $2,100,000 for 2025–26 to manage uneven state aid timing; finance staff said December typically is the lowest cash month and actual borrowing will match cash-flow needs.
Milan Area Schools Board of Education — The board voted June 25 to authorize borrowing up to $2,100,000 against the district’s anticipated state aid for the 2025–26 fiscal year.
The measure, included as the borrowing resolution in attachment B, is a routine…
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