Frequently Asked Questions
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Updated 10/29/24
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?
- What is the estimated annual operating savings that could be achieved through capital investment?
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?
What is the estimated annual operating savings that could be achieved through capital investment?
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?
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?
Oversight
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?
- When does the current tax rate end and when would the new one begin? Is there any overlap?