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Palatine District 15 outlines $69 million five‑year facility plan, weighing 40M life‑safety bond
Summary
Palatine CCSD 15 presented a five‑year master facility plan totaling roughly $69 million and discussed financing options including previously authorized non‑referendum working‑cash (D‑sub) bonds and a proposed $40 million health‑life‑safety bond under Public Act 1030591.
Palatine CCSD 15 officials on Monday presented a five‑year master facility plan that rolls major work into summer construction windows through fiscal 2029 and discussed how to pay for roughly $69 million in planned projects.
The plan presented to the board covers routine capital categories — roofs, HVAC, parking lots and playgrounds — and shows large expenditures concentrated in HVAC and roofing beginning in 2027. Elizabeth Hennessy, who presented the plan alongside district staff, said the district spent about $7.9 million on projects this past summer, including $2.5 million on parking lots, and expects roughly $11 million for the coming summer and about $22 million the following year for large ticket items.
The presentation focused on funding options. District staff and financial advisors described three main sources: (1)…
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