The South Butler School District is in the process of securing a line of credit due to the ongoing state budget situation.
Director of Business Affairs Paul Slomer, Jr updated the school board Wednesday night on the impact to the district of the still unresolved state budget stalemate.
In addition to missing $450,000 in state reimbursement for bond payments, the district is owed roughly $2 million in funding for the time between December and now. Without a line of credit or the money they are owed, South Butler would run out of reserve funds in May.
South Butler administrators are currently negotiating with a couple different lending institutions about terms and may call a special meeting before their scheduled meeting in April to finalize a deal.
