Springfield Gives Okay For Hall High School Borrowing Plan

Posted by wlpo on January 19, 2013

Governor Pat Quinn has signed off on allowing Hall High School to borrow 32 million dollars for a new school.

The governor signed a bill sponsored by State Senator Sue Rezin and State Representative Frank Mautino that gives Hall the okay to issue bonds not to exceed 32 million dollars. Taxpayers in the school district will have the final say by voting in April whether or not to issue the bonds.

According to school officials, a Hall taxpayer with a 100 thousand dollar home will pay over 23 dollars more per month in property taxes for 30 years if the referendum passes. School board members are going after grant money which could lessen the tax burden.

If the April referendum fails, Hall officials say they’ll renovate the current high school for 18 million dollars.

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Ok this is not Peru and it is not even in our county but first of all "deadbeat Illinois" is giving a school district the right to go out for bonds for 32 million which will add to every home owners tax bill in the amount of $23.00 per month equaling $276.00 per year on a $100,000 home and I do believe Bureau Cty has fairly high tax rates already, information I received from a friend years ago. Cut that in half because $50,000 home is probably more common and still that would be paying an extra $138 dollars per year. I get the feeling that there are people making decisions everywhere that don't have a clue as to what the average family homeowner problems are in todays economy. I would bet that there are families that could not handle this increase.
WAKE UP SCHOOL DISTRICTS, this is not Winnetka Grant money, the state can't pay its own bills, we have the worst debt of all states in the entire United States.