With costs rising, Palatine D15Schools consider borrowing more for improvement plan
The school board Wednesday authorized borrowing an additional $12 million to fund construction costs, if needed."It has become clear that inflation, added scope and current market conditions has significantly escalated prices," said Diana McCluskey, the district's chief school business official.
If deemed necessary, a final decision on the additional borrowing wouldn't come until after a public hearing in the fall, officials say. Moving 15 Forward was put in motion after voters in November approved a $93 million tax hike to fund half the plan. The other half will be funded by existing revenue sources.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Harrisburg School District proposes $7M plan to demolish old William Penn High SchoolThe old William Penn High School in Harrisburg could become a thing of the past.The Harrisburg School District moved forward with a plan on Tuesday evening that
Read more »
Harrisburg School District announces two-year contract agreement with teachersNew contract includes annual raises in the salary schedule of 4.65 percent and 4.75 percent; board will vote on the terms June 27.
Read more »
Chicago Park District permits Riot Fest amid protestor pushbackPark District leaders praised the festival for better engaging with nearby communities after backlash last year. The festival is scheduled to be held Sept. 15-17 and its lineup features the Foo Fighters, The Cure and Queens of the Stone Age.
Read more »
Taylor ISD finds new ways to attract teachers to work for its districtTaylor ISD is finding new ways to attract teachers to work for its district.
Read more »
Residents challenge Houston Police Department's claim of decreased crime rates in District GResidents in District G of Houston, particularly in the affluent Galleria area, are challenging the Houston Police Department's (HPD) recent assertion that violent crime has decreased in all districts.
Read more »