Lakewood schools borrowed millions from New Jersey and still can’t pay its bills

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Would you keep loaning millions of dollars if there was little chance of it being paid back?

If you’re the state of New Jersey, you apparently would.

In this case, the borrower is the Lakewood School District, which says it is so broke it needs to borrow $93 million from the state this year to keep its doors open.

Read more on the Ashbury Park Press.

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