Morton District 201 board approves preliminary proceedings for up to $102 million in working cash bonds

The Board of Education of J. Sterling Morton High School District 201 approved a resolution on Jan. 5, 2026, authorizing preliminary proceedings for the issuance of general obligation limited school bonds, Series 2026, of up to $102,000,000 in working cash fund bonds and to pay related costs. Member Mark Kraft moved to approve the resolution and Member Fernando Godinez seconded.

"Member Kraft motioned to approve the Resolution Authorizing Preliminary Proceedings in Connection With The Issuance Of General Obligation Limited School Bonds, Series 2026 Of J. Sterling Morton High School District Number 201, Cook County, Illinois, Of Up To $102,000,000 Of Working Cash Fund Bonds And Paying For Costs Related Thereto," the transcript records. The board then recorded its vote: ayes — Members Godinez, Kelly, Kraft, Pesek and Tomschin; nays — none; abstain — none; absent — Members Gallegos and Jaramillo-Flores. The motion carried.

The resolution as introduced authorizes the district to begin the legal and administrative steps necessary to pursue issuance of the bonds; the transcript does not specify a timeline for sale, a bond series number beyond "Series 2026," or how the district intends to allocate proceeds. No audience comments were made on the action item during the meeting.

The meeting record does not list a resolution number or further implementation details; subsequent staff reports or board actions at later meetings would be expected to supply sale timing, underwriting, and use-of-proceeds specifics if and when they are available. The board scheduled its next regular meeting for Jan. 14, 2026, at the Morton District Office.