On April 4, 2017, voters will see a referendum question on the ballot.
We are seeking voter approval to issue $132.5 million in bonds to help finance needed repairs, renovations and upgrades to 19 of our 20 schools.
At 19 of 20 District 200 schools, we have significant facility needs. For the past 18+ months, the Board of Education has developed a Facility Master Plan and has worked to prioritize projects, determine how to fund the projects and plan for future facility needs.
Much needed repairs, renovations and upgrades to 19 of our 20 schools will cost $154.5 million. The referendum question seeks to issue $132.5 million in bonds. The Board would commit to fund the remaining $22 million in work out of reserves and future budgets.
The proposed bond measure would initially cost the owner of a median home an additional $180 per year in taxes on the Bond & Interest portion of their tax bill.