The Homewood District 153 board agreed to work with Mesirow Financial Inc. for the sale of $4.3 million in working cash bonds.
The sale is being underwritten by community residents who approved a referendum for a property tax increase that will cover up to $9 million in new money for Homewood’s schools.
‘These dollars are very much needed,” Superintendent Dale Mitchell said at Monday’s board meeting. From 2010 through 2015, the state reduced promised general state aid. “The district’s been shorted $2 million in state funding over those five years . . .