Introduction to Bond Referendum

  • Why has Indian Prairie School District 204 placed a bond referendum on the November 2024 ballot?

  • Can the bond financing be done without a tax rate increase?

  • What is the math behind “no tax rate increase?”

  • What types of improvements would be addressed by the bond referendum?

  • If the bond referendum is not successful, by how much would the cost of the proposed improvements increase each year?

  • What are the anticipated benefits of the proposed improvements?

  • What specific safety and security upgrades are proposed?

  • Would the safety and security upgrades be addressed first?

  • What types of infrastructure upgrades would be addressed?

  • Are some IPSD 204 schools in worse condition than others?

  • Which students and schools would benefit from the proposed bond referendum?

  • When was the last time voters approved funding for capital facility improvements?

  • How has the District done its homework?

  • Why has the District placed a bond referendum on the ballot instead of a limiting rate proposal?

  • Would the tax rate associated with the bond referendum sunset (end)?

  • Would the proposed improvements generate savings that can be used toward reducing class sizes and adding counselors and other mental health professionals?

Facility Needs & Proposed Improvements

  • How many school buildings are in IPSD 204?

  • How old are the District’s school buildings?

  • Has the District properly maintained its school buildings?

  • What specific capital facility improvements would be addressed?

  • Would the proposed improvements address the need for elementary instructional space on the north side of the District?

  • Would any new schools be built using the proceeds from the bond referendum?

  • Does the proposed plan include closing any schools?

Oversight

  • If the referendum is approved, would facility improvement updates be provided?

  • What is the impact if the bond referendum doesn’t pass?

Financing Plan - Eliminates Need for Tax Rate Increase

  • How was the $420 million bond amount determined?

  • What is the math behind the “no tax rate increase”?

  • How much revenue would the 37-cent per $100 of EAV generate?

  • What is the tax impact of the tax levy that will expire soon and which would be replaced by the new bond referendum tax levy?