Judge gives Nampa School District OK to borrow cash
NAMPA, Idaho (AP) - A judge has given the Nampa School District the go-ahead on a plan to borrow money from the state to offset a budget shortfall discovered last fall.
The Idaho Press-Tribune reports 3rd District Judge George Southworth gave the district permission Monday to borrow cash in its effort to make ends meet for the 2012-13 school year. The district is also counting on a $4.3 million supplemental levy scheduled for voters in March.
Nampa schools spokeswoman Allison Westfall says the district has not yet determined a loan amount. She says the district is still looking for ways to make cuts before settling on an amount to borrow.
District officials say the shortfall stems from overestimating assets and double counting funds. The district's former superintendent resigned over the issue last September.