Bald Eagle

State corrects information on BEA loan

After contradicting information between the state and the Bald Eagle Area School District on Wednesday, state Auditor General Eugene DePasquale emailed a statement to the CDT Thursday afternoon correcting information the state previously released.

He said that after “further discussion” Thursday morning with BEA, “we have learned that the district is considering, but has not yet officially taken out, a $5 million line of credit with First National Bank.”

On Wednesday, the state issued a list of school districts in the commonwealth that were borrowing money this month due to the state budget impasse — which included Bald Eagle Area.

In an email from auditor general spokeswomen Susan Woods to a CDT reporter on Wednesday, she said, “We spoke with Jeffrey Miles, BEA superintendent, on Oct. 21. He said the district has taken out a line of credit in the amount of $5 million from First National Bank at an interest rate of 1.5 percent.”

However, all information from the state was incorrect.