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Board approves temporary $3 million loan and pursues $50,000 ISBE maintenance grant
Maine Township HSD 207 Board of Education · December 3, 2025
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Summary
Board approved a temporary intra-fund loan to cover bond payments until property-tax receipts arrive and affirmed pursuit of a capped ISBE maintenance grant to offset tuckpointing work; the loan will be repaid after tax collections.
Board members approved a short-term cash-management resolution authorizing a transfer (temporary loan) from the educational fund to the debt service fund to cover a bond payment due before property-tax receipts arrive.
According to finance committee materials, "the referendum debt…
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