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Search For Related NewsMurfreesboro Diamond
Cash flow crunch prompts Murfreesboro Schools to obtain $400,000 loanLawrence Graves
Editor
MURFREESBORO – In a special board meeting Thursday Murfreesboro Schools board of directors voted to obtain a $400,000 short-term loan to help the district get through a cash flow crunch caused by sluggish tax receipts.
“This district has ample 2007-2008 federal, state, and local revenue to fund 07-08 school year expenditures. This short term loan is to cover revenue shortfall until local taxes and state and federal funds are received,’’ the district said in a statement.
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