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Board authorizes up to $12 million aid anticipation certificate to shore short‑term cash flow
Duluth Public Schools Board of Education · December 17, 2025
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Summary
The board adopted a resolution authorizing general obligation aid anticipation certificates not to exceed $12 million to bridge timing gaps between receipts and payments; the certificate is payable within the fiscal year and is intended for short-term cash flow.
The Duluth Public Schools board approved a resolution authorizing general obligation aid anticipation certificates of indebtedness in an amount not to exceed $12,000,000 to provide short‑term cash flow for the district.
Member Sadowski…
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