The District 113 School Board voted unanimously last month to put an $89 million referendum on the April ballot to pay for five years' worth of projects for Highland Park and Deerfield high schools.
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The plan is projected to cost $114 million. Of that total, $25 million will come from the district's reserve funds and the remaining $89 million will come from District 113 residents.
If the referendum passes, District 113 residents who own homes valued at $300,000 will pay $173 in taxes to the district in levy year 2013, a $47 increase from levy year 2012.
If the referendum fails, those same homeowners would only pay $15 in taxes to District 113 in 2014 because the District paid off a significant amount of its debt this year. The 10-year average price residents have paid to District 113 in taxes is $198 annually, according to District 113's financial advisor, Tammie Schallmo, with PMA Securities.
Read what the proposal entails and how readers have been reacting to it below.
- Debate Continues on D113's $89M Referendum
- D113 Board Releases Video Explaining April Referendum
- 113 Board Puts $89 Million Referendum on Ballot
- Readers Sound Off on Possible 113 Referendum
- Is the District 113 Referendum Choice Clear?
- Letter to the Editor: Concerns Raised Over 113 Referendum
- Simply Uninformed or Intentionally Misleading? Get the facts on the 113 Referendum
- Vote Yes On April 9th
- History Repeats Itself in District 113
From District 113
- VIDEO: Board Members Explain Why They’re Seeking $89 M Referendum for Improvements