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Board Authorizes Up to $2 Million Taxable Revenue Anticipation Note to Cover Winter Cash‑Flow
Pewaukee School District Board of Education · November 12, 2024
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Summary
The board voted to authorize a taxable tax‑and‑revenue anticipation promissory note not to exceed $2,000,000 with TowneBank at 6% to cover short‑term cash‑flow needs; the motion passed with one abstention.
The Pewaukee School District board on Thursday approved a resolution authorizing a taxable tax‑and‑revenue anticipation promissory note of up to $2,000,000 to manage year‑end cash‑flow needs.
John, the district finance officer, explained the timing mismatch in school revenue streams and the use of short‑term…
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