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Board authorizes short‑term TANs and advances budget first reading amid equity report work
Summary
Trustees approved authorization for up to $85 million in tax and revenue anticipation notes to manage short‑term cash flow and held a first reading of the 2010–11 recommended budget; staff also circulated an updated equity impact draft for community feedback.
The San Francisco Unified School District board on June 8 approved a resolution authorizing the issuance of up to $85 million in 2010 tax and revenue anticipation notes (TANs) to manage short‑term cash‑flow timing, particularly the November period before property tax receipts are posted.
District finance staff explained TANs are short‑term notes that…
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