Stevenson board approves revised fund-balance policy, declares intent for up to $15 million in working-cash bonds and certifies $126.8 million tax levy

The Adlai E. Stevenson HSD 125 Board of Education at its December meeting approved several finance and operations items, including a revised fund-balance policy, a resolution declaring intent to issue working-cash bonds not to exceed $15,000,000, certification of the district’s 2024 tax levy at $126,800,000 and the replacement of two high-capacity multifunction printing devices.

Board members voted unanimously to adopt a revised school board policy on fund balance intended to give the district a clearer picture of its fiscal position and to align the policy more closely with school code recommendations, the board was told. The board also approved a resolution declaring the district’s intent to issue and then defease debt through a working-cash bond issuance; officials said the actual issuance would follow legal notice and further steps and that the defeasance…