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Jacksonville SD 117 holds hearing on up to $3.5M bond to build new elementary school
Summary
Jacksonville SD 117 held a public hearing Jan. 21, 2026 on its intent to issue up to $3.5 million in general-obligation bonds (alternate revenue source) to build and equip a new elementary school; staff said the debt would be paid from sales tax and there were no public comments.
Jacksonville SD 117 held a public hearing Wednesday, Jan. 21, 2026, to consider selling up to $3,500,000 in general-obligation bonds (alternate revenue source) to finance construction and equipping of a new elementary school. Board President Beard called the hearing to order at 6:01 p.m. in the district's board room at 211 West State Street.
Chief Financial Officer Rick Cunningham told the board staff had "crunched the numbers" and determined the district was a little short of its original request, which led to an expansion of the proposed bond amount to the figure cited in the public notice. Superintendent Steve Ptacek said the district expects debt service on the bonds to be covered by sales tax receipts. President Beard invited public comment; none was offered. The public hearing was adjourned at 6:03 p.m. on a motion by Board member Mrs. Wilson and a second by Mr. Lonergan; the roll call vote was unanimous in favor (Wilson, Lonergan, Stewart, Trace, Pool, Beard).
