RSU 19 School Board To Attempt 3rd Loan

Terry Stackhouse

Updated 1 year ago

Voters in the Newport area will have one more chance to accept a loan, to overcome a massive budget shortfall. After much discussion on Wednesday night, the school board voted to attempt a 2.8 million dollar loan. As part of that proposal, the district will look into liquidating assets including the superintendent’s office to pay off the loan. The school system is facing a 3.6 million dollar shortfall this year, and is up against 1.5 million dollar revenue anticipation with their previous lender, Androscoggin bank, that is yet to be paid.The loan will be decided in a referendum vote on March 7th.If a loan fails for a third time, superintendent Gregory potter is recommending an 18-day “winter shutdown” for the district, from mid-march to mid-April, but for now that discussion is tabled until a meeting on February 12th.


MENU