Evergreen Public Schools’ board on Tuesday approved a $10 million interfund loan to cover cash flow shortages this school year as it prepares to cut almost $12 million from next school year’s budget.

Evergreen is facing cash flow shortages until state funds arrive at the end of the school year. The district is borrowing $10 million from its capital projects fund for use in the general fund. In February 2022, Evergreen also approved an interfund loan for the same amount.

“Because of the inadequate school funding from the state, overall increased cost of doing business and our declining enrollment, and largely due to the reduced birth rates and high housing costs within Evergreen Public Schools, we’re facing about a $12 million budget reduction this coming school year,” Superintendent Ch

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