Local News

District 153 prepares for referendum bond sale

The District 153 school board took the first steps necessary to bring dollars from the 2016 referendum into district coffers.

In March 2016, residents voted overwhelmingly to support the board’s proposal to sell a maximum of $9 million in bonds to help the Homewood schools out of severe financial debt.

Reduced state aid and declining tax revenues due to a drop in property values has limited the Homewood school board’s budget. In 2011 voters approved a referendum to get more money into the pipeline. As that money has dwindled, the board in 2016 . . .

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