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Friday, January 15, 2010

State may force schools to lend it $1B | StarTribune.com


State may force schools to lend it $1B | StarTribune.com:

"In a sign of the gravity of the state's fiscal crisis, Minnesota budget officials may force public school districts to loan the state money so that it can continue paying its bills.

Gov. Tim Pawlenty's administration could withhold nearly $1 billion in state aid payments to public schools through May, to ensure the state's checkbook doesn't run dry, under a plan unveiled Wednesday at a legislative committee meeting."