Wheaton’s state Rep, Amy Grant has submitted a bill, HB2145 and Palatine Rep. Thomas Morrison has submitted a bill, HB2738 (virtually the same), to close the “loophole” that district 200 tried to use to avoid the referendum for a new Jefferson pre-school building. Other districts have already done this, and we fear it may be catching on like wildfire. If school boards can build new facilities without referendum by signing a lease-to-own agreement, then issue debt service extension base (DSEB) Bonds, without a referendum to shore up their general revenues (raising future taxes to pay then back), we are in real trouble. Using the magic word “Lease should not void the clear intent of the original law that requires a referendum for new construction.
I submitted written comments (similar to this post) with my witness slip in support of HB2145.
Continue reading “IL Legislation to close “Lease” to avoid referendum loophole” →