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Glenview District 34 board approves short-term tax warrants, appoints interim business officer
Summary
The Glenview CCSD 34 school board approved a working-cash transfer, authorized up to $4,019,000 in tax anticipation warrants to bridge delayed county tax receipts, and hired an interim chief school business official on a temporary basis.
The Glenview CCSD 34 Board of Education on Tuesday approved a set of financial measures to cover near-term cash needs, including a transfer from the district's working-cash fund to the operations-and-maintenance fund and authorization to issue not-to-exceed $4,019,000 in tax anticipation warrants.
The board also approved a resignation agreement for an employee and unanimously approved a temporary contract for Dr. Michael Zelik to serve as interim assistant superintendent for business services for up to 120 days; the board then designated him treasurer of District 34.
The measures were presented as short-term steps to bridge a delay in county tax collections. Board members and district staff said Cook County’s slow processing of assessments and tax extensions has postponed anticipated tax receipts; the district has a bond and interest payment due Dec. 1 that staff said will require cash management until taxes arrive. The tax anticipation warrants are intended to be repaid…
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