At Monday night’s meeting, the Indiana School Board approved a motion that will authorize the administration to seek out a Tax Anticipation Loan.
The administration will work with local banks to secure the loan for an amount to not exceed $5 million. This is being done as a measure to make sure the district has funds as the state budget has not passed. Audit and Finance Chairperson Julia Trimarchi Cuccaro is hopeful that the loan is not needed.
In other business, the board approved revisions to the attendance, behavioral guidelines, and discipline policy handbook. While this is a standard move before the start of the school year, acting Superintendent Robert Heinrich said this will mark the first year that the handbooks will be distributed to students and families digitally.
He says that because this is the first year they have done something like this, so they ask for patience as they go through the process.
