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Rockford SD 205 officials outline four funding paths for Facilities Master Plan, urge board decision by summer
Summary
District financial staff presented four funding options for the Facilities Master Plan — referendum bonds, a 1% county sales tax, nonreferendum debt and phased borrowing — and flagged timing, market volatility and a June–July decision window.
Rockford Public Schools officials presented four options to finance the district's Facilities Master Plan and said a decision will likely be needed this summer.
The district's chief financial officer, Dr. Michael Brown, told the Committee of the Whole that the options under consideration are (1) a traditional referendum to sell $100 million–$150 million in bonds, (2) a countywide 1% sales tax placed before voters, (3) nonreferendum debt allowed under 2024 legislation, and (4) issuing debt in phases using existing capacity. "We are gonna need to make a decision on how we wanna proceed going forward with the funding of the- facility master plan," Brown said.
The district faces calendar choices if it pursues a…
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