The District 233 school board took the first step to sell a maximum of $20 million in tax-exempt bonds to underwrite major improvements for the culinary and science programs at Homewood-Flossmoor High School.
The board voted unanimously at its meeting Tuesday, March 15, to go into the market while interest rates are low. Although the paperwork will begin now, the plan gives a three-year window for spending the funds.
The plan will not raise taxes, said Steve Anderson, chair of the board’s finance committee. Because the district has been paying down its primary debt from construction . . .
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