Big Deal, Bad Debt

 
 

Big Deal, Bad Debt

271131
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  Authored By: Charles K. Trainor, Date Published: 1/16/2009, Product#: 271131
When budgetary demands rise, state aid is reduced, and interest rates are extremely low, school districts may be tempted to abandon their investment policies to increase earnings. This may have been the case when five Wisconsin districts facing severe financial pressures in 2006 were presented with a seemingly ideal opportunity.