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Granton electors authorize up to $850,000 in short-term borrowing for 2025–26
Summary
At the annual meeting electors approved a resolution authorizing short-term borrowing for operational cash flow for the 2025–26 school year not to exceed $850,000. The measure passed by voice vote and was moved by Jessica Vine and seconded by Deb Marg.
Electors approved a resolution authorizing the Board to undertake short-term borrowing for operational cash flow for the 2025–26 fiscal year, with a maximum borrowing limit of $850,000. The motion was made by Jessica Vine and seconded by Deb Marg and carried on a voice vote.
The resolution authorizes borrowing strictly for cash-flow purposes; the minutes record the approved not-to-exceed amount but do not specify lender, interest terms, or repayment schedule. The district's business office will record and manage any borrowing authorized under this resolution.
