- Associated Press - Wednesday, June 29, 2016

BENTON HARBOR, Mich. (AP) - The Benton Harbor school district is getting a $4.4 million emergency loan from the state so it can avoid the prospect of a payless payday.

The Herald-Palladium of St. Joseph reports (https://bit.ly/294HWzh ) the loan was approved by the state Local Emergency Financial Assistance Loan Board, which met Tuesday. Without the loan, Chief Financial Officer Scott Johnson says the district wasn’t going to be able to make payroll July 15.

In addition, the loan board is allowing the district to restructure three previous loans.

Superintendent Shelly Walker says officials are “excited and thankful about the loan.” She says the restructuring will give the school district time to boost enrollment.

The school district and the state forged a consent agreement in 2014 after Gov. Rick Snyder determined there was a financial emergency.

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Information from: The Herald-Palladium, https://www.heraldpalladium.com

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