The Berwyn South SD 100 Board of Education voted to approve several bond resolutions and to adopt its final tax levy for 2025 at its Nov. 15 meeting.
Board members approved a resolution authorizing the issuance of general obligation limited tax refunding school bonds not to exceed $4,750,000 to refund certain outstanding district bonds and authorize an escrow agreement; a roll‑call vote recorded unanimous 'aye' results and the motion carried.
Separately, the board adopted a resolution to issue general obligation school bonds not to exceed $2,575,000 for altering and reconstructing school buildings, installing equipment for fire prevention, energy conservation and school security, and to levy a tax sufficient to pay principal and interest. That motion also passed on roll call.
Finance staff (Jenny) reviewed the levy components and said the district plans bond restructuring/refinancing tied to Kamensky and Piper projects; she estimated refinancing from one series would save approximately $500,000 in the bond portion of the levy. "We're able to take one of our series and refund it and refinance it and save a half $1,000,000," the presenter said.
Jenny also reported the district bank balance at $54,000,009.44 (including about $33.4 million invested in PTMA) and noted November bills of roughly $5.5 million compared with November revenue of about $1.4 million; she said the district’s fund balance and cash flow allow it to meet obligations including payroll and bond payments.
Board members then adopted the resolution to authorize the final aggregate tax levy for 2025 by roll call.
Votes at a glance: the consent agenda (with one removed item) and each bond and levy resolution were approved; roll‑call tallies were recorded during the meeting transcript and motions carried.