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