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Elizabethtown board votes to use capital-reserve funds for $3.2 million November debt payment
Summary
The school board unanimously approved a motion to pay a $3.2 million November debt-service payment from the Fund 32 capital reserve, with an instruction that the reserve be reimbursed from the general fund once state payments are received; the board also approved the personnel report.
Elizabethtown, Pa. — The Elizabethtown Area School District board voted Tuesday to temporarily use capital-reserve funds to meet a November debt-service obligation and approved routine personnel recommendations.
A board member moved that the district pay the November debt-service payment of $3,200,000 from…
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