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September 1, 2014, 6:33 pm
970 WMAY News

Dist. 186 Increases Line of Credit to Make Payroll


Despite giving final approval to millions of dollars in budget cuts Monday night, the Springfield school board has also been forced to approve an increase in the school district’s line of credit… in order to meet payroll.

 

District officials say the move is a temporary correction for cash flow problems.

 

The board voted to enact the cuts they agreed to earlier this year… cutting more than 100 positions, including 59 certified teaching jobs.

 

Because of attrition, a total of 16 teachers are getting pink slips.

 

Most of them will ultimately be rehired, but the teachers union says the end result will still be fewer teachers and a decrease in educational quality.

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