Levy County schools borrow $5 million to cover expenses

BRONSON -- The School Board of Levy County needs a quick $5 million.

With no sympathetic philanthropists in sight, the next best thing to do was to see which bank offered the best loan deal.

Board members OK'd borrowing the large sum of money from Sun Trust Bank out of Jacksonville at its Nov. 20 meeting.

The money is needed to cover overall operating costs -- including payroll -- for county schools for at least the next couple of months.

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