“Our goal is to lower the interest expense we have as a district,” Lakota treasurer Jenni Logan told the school board at a recent meeting. “Any time we reduce interest rates, that is some really good news.”

In November, the district reported to the state it faces an estimated $11.7 million budget deficit in five years caused in part by extra costs from operating during the coronavirus pandemic, but also due to recent cuts in state funding.

Source Google News