By Stephen Floyd A $3.82 million bridge loan sought by the Silver Falls School District (SFSD) accounted for nearly half of such loan requests in Oregon, according to a report from S&P Global Ratings. In a summary dated May 10, S&P measured the creditworthiness of four districts, including SFSD, requesting a total of $8 million in tax anticipation notes (TAN). […]
By Stephen Floyd The Silver Falls School District (SFSD) has applied for a $3.8 million loan to help address a $1.3 million cash shortfall, with most of the funds expected to be invested to offset financing costs. During a special meeting April 11 of the SFSD Board, officials voted unanimously to pursue a tax anticipation note (TAN), which borrows against […]
By Stephen Floyd The Silver Falls School District (SFSD) has been advised to cut $1.2 million from its current budget by June and $8.8 million for the next school year to correct a looming deficit and patterns of overspending. During the April 8 meeting of the SFSD Board, officials received a financial presentation from Jackie Olsen, executive director of the […]
