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Debt crisis puts Tolono school district at bankruptcy risk
Unit 7 School District serving Tolono and surrounding towns faces possible bankruptcy if the state demands immediate repayment of 344000 dollars after reporting excess state aid and inflated figures between 1974 and 1977. District requests a five year plan. board may vote after April 8 election.
MENTIONED IN THIS ARTICLE
Tolono
Ilinois
Unit 7
Philo
Sidney
Sadorus
Pesatum
Gene Denisar
Fred Bradshaw
Illinois Office of Education
Bradshaw
Denisar
William Morse
Morse