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Ysleta Schools Hunt for New Loan | Texas News
The Ysleta Independent School District is racing to secure a $32 million loan to cover payroll and keep operations running while waiting for state funds, after Morgan Stanley pulled out earlier this year citing concerns over a report. With a $12.2 million budget deficit already approved and student enrollment dropping by at least 1,000 annually since 2021, the district faces mounting pressure. They’ve set aside $2.1 million for loan interest, but the new loan’s projected interest alone is $942,222 — a figure that could strain their finances further. An auditor has flagged the district’s…
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