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Penn Hills district seeks $18M in bonds

Aug 18, 2015 - Pittsburgh Tribune Review

The cash-strapped Penn Hills School District will try to sell $18 million in bonds, but even if it does raise the money, district leaders say they will struggle with another cash flow problem in March.

The board, voting 7-1, approved a resolution Monday to look for investors to buy $18 million in bonds so the district can cover day-to-day expenses.

This is the second time the district has tried to borrow $18 million.

The district finished the 2013-14 school year with an $...