ALLEN COUNTY, Ind. (Indiana’s NewsCenter) - The Wayne Township Trustee Office is one of nine local entities that have tapped into the state's bond bank.
It was announced on Thursday that the Wayne Township Trustee's office received $942,000 to help make ends meet while waiting for their semi-annual distribution of property tax money.
The interest rate to borrow the cash is at 1.31 percent.
The city Marion has borrowed more than $6.6 million.
And the DeKalb County Eastern Community School System is in the hole for $2.8 million.
Here is the breakdown:
City of Marion $6,645,241.00
Dekalb county Central United School District $735,536.00
Dekalb County Eastern Community School $2,831,465.00
Jay School Corporation $900,000.00
M.S.D. of Steuben County $519,536.00
Northern Wells Community Schools $404,162.00
Smith Green Community Schools $612,203.00
Whitko Community School Corp.$535,430.00
Wayne Township (Allen) $942,004.00
What are your thoughts CLICK HERE to leave us a "QUESTION OF THE DAY” comment.
© Copyright 2014, A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.