Monetary loan

College working on loan to cover first expenses | Local News

Last week, Gillette Community College District trustees approved the new district’s first $16 million budget that will tax $2.5 million. But until the district receives the money from the mills around October, it needs another way to pay expenses, including district staff salaries.

On Tuesday, administrators agreed to move forward with the terms and conditions of a warrant that allows the district to borrow up to $4 million from Gillette’s Security State Bank to cover the period between July and October when he would receive no mill. raise revenue.

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