Town of Lebanon receives loan

January 17, 2019

MADISON -- The Board of Commissioners of Public Lands approved a State Trust Fund loan totaling $197,292 to the town of Lebanon to purchase a dump truck and attachments.

The board approved loans totaling $3,709,604 at Tuesday’s meeting for a dozen municipalities including Lebanon.

The BCPL operates entirely on program revenue, without taxpayer money and distributes more than 96 cents of every dollar of interest earned on BCPL State Trust Fund investments to Wisconsin’s public schools. The 2018 earnings of $35.7 million are the sole source of state funding for K-12 public school library materials. For many school districts this is the only money available to them for library materials including books, newspapers and periodicals, web-based resources and computer hardware and software.

The Watertown Unified School District received $172,593, the Jefferson School District received $84,816, and Johnson Creek received $29,551 in 2018 from the fund.

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