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Borrowing's become more tricky for Monroe schools
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MONROE - The international financial meltdown hit home late last week when the Monroe School District found itself unable to secure short-term borrowing in the bond market.The financial picture is not all gloomy, however, as the district should be able to borrow money from a local bank to cover payroll and other operational expenses until promised revenues come into the district, Business Manager Ron Olson told the school board Monday.