Quick-fix loan for Dist. 300.(News)

Byline: Jeffrey Gaunt Daily Herald Staff Writer Community Unit District 300 school board members agreed Monday night to borrow as much as $10 million to pay the bills in April and June. District officials estimate they'll pay anywhere from $86,000 to $99,000 in interest over the two months - roughly equivalent to the yearly salaries of two full-time teachers.

The tax anticipation warrants - so named because they help districts cover expenses while waiting on future property tax revenue - will also cost about $23,000 to issue. That fee is largely split between the district's ...

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