Newport -
Residents in Newport, Etna-Dixmont, and Saint Albans will soon vote on whether RSU 19 can take out a $3.6 million loan to help decrease a big budget gap
The loan will make up for budget gaps and unpaid bills from 2011 and 2012. If passed, the loan could cost each homeowner up to $100 in taxes, depending where they live.
The new Superintendent, Gregory Potter who was hired in July, said it is necessary to stop the bleeding now. "We've met with many professionals, legal folks, analysts, bond bank folks, financial experts, and lawyers. This is the best opportunity to rectify this problem, to turn it around and turn it around quickly."
School district officials say if they don't get the loan, the district will default on payments and will have to make big cuts: including many JV sports, art, and music programs.
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