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14 Μαΐ 2024 · District 145 School bond. The Board of Education has called a bond election for May 14, 2024 to address urgent facility needs in our district. Informing the public of the project details prior to election day is a priority of the board and district leadership.
The School District 145 Board of Education approved a resolution calling for a School Bond Election to provide necessary funding for improvements to technology, safety and security, and district facilities. The bond election will occur on the November 4, 2014 General Election ballot.
19 ώρες πριν · The Union R-XI School District has hired a familiar company to provide services in advance of a potential April 2025 bond referendum. The Board of Education voted unanimously Oct. 16 to hire ...
14 Μαΐ 2024 · DISTRICT 145 SCHOOL BOND. The Board of Education has called a bond election for May 14, 2024 to address urgent facility needs in our district. Informing the public of the project details prior to election day is a priority of the board and district leadership.
School bond and tax elections in Illinois are held under three different circumstances: For bonding that funds capital improvements of school districts (i.e. new construction or maintaining existing facilities). To create a contingency fund to pay existing debts which is called "Chapter 20 Funding" which is listed under the Illinois Education Code.
Recent state legislation that was implemented on January 1, 2022 will reduce ag land assessed value from 72% to 50% for the purpose of paying back a school bond voted on by the public. This legislation was passed by the state legislature to redistribute some of the tax burden from school bond elections from ag land to property in the district.
Illinois law establishes limits on a school district’s bonded indebtedness. The limit is calculated in relation to the district’s equalized assessed valuation (EAV). The general limit for a separate elementary and high school district is 6.9% of its EAV. A unit (K-12) district may borrow up to 13.8% of its EAV.
