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Board approves $13 million partial abatement transfer to capital projects
Board of Education of School District 68, Cook County, Illinois · December 19, 2024
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Summary
The Board voted unanimously to approve a $13,000,000 partial abatement permanent transfer from the Working Cash Fund to Capital Projects Funds to support district capital needs.
Emily Lonigro moved, and Anne Warshaw seconded, approval of a Partial Abatement Permanent Transfer of Working Cash Fund to Capital Project Funds in the amount of $13,000,000. The motion carried unanimously on roll call.
The transfer directs existing working cash balances to capital project funding; the minutes record the approved dollar amount but do not detail specific capital projects to be funded. Administrative staff will follow up on project allocation and scheduling.
