DISTRICT 211 SCHOOL BOARD MEETING SCHEDULE
- Board meeting dates may be changed by vote of the Board of Education.
- Agendas for all regular Board of Education meetings usually are posted two days prior to each meeting.
Recently, a Daily Herald article alerted us to the fact that Township High School District 211 is planning to issue $26 million in bonds over the next few years. Unless there is significant public comment, the D211 Board plan’s to begin this unnecessary borrowing by issuing $16 million in bonds during the current 2012-13 school year. There is a meeting scheduled for public comment. Please plan to attend their next meeting on Thursday, October 18, at 7:30 pm at the following location:
Township High School District 211 G. A. McElroy Administration Center 1750 S. Roselle Rd, Palatine IL 60067
This borrowing is unnecessary because the District 211 fund balances are extremely healthy. They have 58% of their total expenses in the bank. The state recommends reserve funds to be in the 25-30% range . As a comparison, District 15 carries 35% in fund balances. If the Board approves this borrowing, they are projecting a surplus of $12.9 million this school year! (source: www.d211.org/pdf/Tentative_Budget_2012-13_pages12-34.pdf) Is borrowing money to have a surplus and maintain excessively high fund balances the best choice for the financial health of our community?
District 211 policies continue to go unchecked because few, if any, of the public attends Board Meetings. Remember receiving and paying your property tax bill in August?. This is your chance to attend the meeting and voice your opinion on avoiding unnecessary borrowing that will affect your future property taxes.