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District 201-U school board members say they intend to issue working cash bonds totaling $7.8 million to offset current and future financial shortfalls.
Funds from bonds would be used to pay “significant life-safety payments” and “significant deficits,” according to school Supt. Steven K. Humphrey. The money also would let the district eliminate its tax anticipation warrants, valued at $6 million, he said.