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Wauwatosa board authorizes up to $16.5M in short‑term borrowing, hears positive year‑end results and approves emergency chiller repair
Summary
The board approved a resolution authorizing temporary note borrowing not to exceed $16.5M to manage cash flow, heard that the 2023–24 year ended slightly better than budget, and approved an emergency replacement of a failed chiller at Wauwatosa West funded from Fund 49.
The Wauwatosa School District board voted on Sept. 22 to authorize temporary note borrowing of up to $16,500,000 to cover expected cash‑flow needs before property tax and state aid arrive. Mr. Acker (finance) said participating in a pooled instruments program (PMA) offers lower fees and reinvestment advantages compared with a local…
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