Nampa schools appear before judge, request permission to borrow money
NAMPA, Idaho (AP) -- Nampa School District officials are expected to meet at the Canyon County Courthouse to get the go-ahead on a plan to borrow $4.5 million to offset a budget shortfall the district discovered last fall.
The district will ask the court Monday for permission to borrow money as a backup plan in case a supplemental tax levy scheduled for March fails to pass. The district says the one-year $4.3 million levy was approved in January and wouldn't raise taxes.
Nampa schools spokesperson Allison Westfall said the district hasn't lined up a financial lender if the levy fails.
District officials say the shortfall stems from overestimating assets and double counting funds. The district's former superintendent resigned over the issue last September.