The District 153 school board will be able to accomplish three major goals should it win voter approval for the Nov. 8 tax referendum: setting a solid revenue stream, improving aging school buildings and establishing a cash cushion to help keep the district’s finances on an even keel.
Approving the referendum would allow for an increase in the educational rate that has remained stagnant for 30 years. Until recently, state law prohibited the district from raising the rate, so the district turned to borrowing. The proposal calls for the current tax rate of $4.40 per . . .