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Board OKs statutory operating debt plan

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Board OKs statutory operating debt plan

By a unanimous 6-0 vote Tuesday, the School Board approved a draft statutory operating debt plan as required by the Minnesota Department of Education. According to the district's finance director, Brad Johnson, the plan format is required by law, it must be "data-rich" and it must indicate that the district is aware of how the debt occurred and how to recover from it.

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