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APS preparing to borrow $5M for cash flow

July 22, 2014
Nicole Grulke - News Staff Writer , Alpena News

ALPENA -Alpena Public Schools Board of Education is preparing to borrow more money this year for cash flow for the district, based on further deficit. Last year the district borrowed $5 million to cover cash flow before taxes were collected, and by increasing that amount for the 2014-15 school year, the district will be moved into a different category for larger borrowing.



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