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Board approves administrative‑cost waiver and sets bond sale to fund referendum projects; $3.5M in capital work planned for 2025
Summary
At its Jan. 14 meeting, the Arlington Heights School District 25 board approved a waiver to Illinois’ administrative‑cost limit, authorized sale parameters for up to $15 million in general obligation bonds and approved moving forward on roughly $3.5 million of 2025 capital projects. All motions passed unanimously, 5–0.
The Arlington Heights School District 25 Board of Education approved three finance actions at its Jan. 14 meeting: a waiver or modification of the state administrative‑cost cap, parameters for a general obligation bond sale not to exceed $15,000,000, and authorization to proceed with the district’s planned 2025 capital projects.
Kevin (board member) moved to approve the waiver of administrative‑cost limits under 105 ILCS 5/17‑1.5 for the 2024–25 school year. Stacy explained the increase in administrative costs arose from growth in certain administrative areas — including a new…
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