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Bloomington-Normal, Illinois
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| NewsWednesday, October 24, 2007 4:08 PM CDT |
Unit 5 gathering information, projecting cost of referendum
NORMAL — Unit 5 will take a few more steps this week toward putting referendum questions on the Feb. 5 ballot. On Thursday, the district’s architects will present new information to school board members about the cost of building two proposed elementary schools and a middle school, expanding another elementary school and renovating eight other schools, Superintendent Gary Niehaus said. They also will discuss details of the schools’ plans and features. Early projections for the cost of all the work have been $100 million to $120 million. At the Thursday workshop meeting at Kingsley Junior High School, Normal, Chicago-based architect Mark Jolicoeur of Perkins and Wills will present the projected cost per square foot of the new buildings. The workshop is open only to invited guests, including parents, teachers and concerned citizens. One detail that might not be released at that meeting is the exact location for the proposed middle school. Niehaus said he plans to meet with the landowners today as part of the negotiations and hopes to make the announcement soon. Another special meeting, set for Nov. 7, will have a similar program. That one will be geared toward elementary and middle school teachers involved in the planning process. At the school board’s regular meeting tonight, the public will get a chance to hear board members discuss options for handling cash flow challenges that have forced the district to borrow $6 million to $8 million every spring over the past four years. Every year since 2003, tax anticipation warrants have been issued in April, May or June, Niehaus said. The money is repaid as property tax revenue comes in later in the spring, but the district has to pay interest for the short-term borrowing. The problem is expected to worsen as enrollment and the number of schools increase. “Cash flow is the issue,” Niehaus said. Board members will have to decide which option is best for breaking out of the annual shortfall cycle. Options could include property tax increases of 10, 15 or 20 cents per $100 equalized assessed valuation. Those options would add from $66 to $132 a year to the tax bill on a $200,000 home, Chief Financial Officer/Treasurer Jim Gillmeister said earlier. A fourth option could include a $10 million working cash bond sale, which would add 11 cents to 14 cents per $100 EAV to the tax rate, but only for five years. A telephone survey of Unit 5 residents next week will begin to gauge feelings about the district and referendum questions. Survey questions, confirmed earlier this week, will be asked of 500 people at a cost of about $22,000. The cost will be paid by a referendum committee, so Unit 5 money won’t be involved, Niehaus said. If fewer than 50 percent of the respondents favor the referendums for building and operations, the district will re-evaluate its position, he said. |
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