East Ramapo School Board's borrowing strategy a risky 'last resort'
Photo credit: Faye Murman | East Ramapo School Board members, from left, Daniel Schwartz, Yehuda Weissmandl, and Eliyahu Solomon attend a board meeting in Spring Valley. (Oct. 23, 2012)
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Parent activist Peggy Hatton often has a lot of questions for the East Ramapo School Board. On Thursday, she had one for investors as the cash-strapped district stands poised to borrow $9.6 million:
"Who in their right mind is going to give them money?"
On Tuesday, the school board decided to issue a $9.6 million note and cut some spring sports and six music teacher positions in an attempt...
