Tuesday, April 6, 2010

Palatine schools' bond sale divides board, community

Palatine fights a back-door referendum.

Palatine Township Elementary District 15 intends to borrow $27 million over 20 years for more than just roof replacements and repairs. It also intends to replenish its nearly empty working cash fund.

The $27 million loan, narrowly approved by the school board, is facing a growing wave of criticism from residents.

Knowing it's a longshot, opponents are clamoring to force the bond sale to a referendum in November. They're circulating petitions, trying to get signatures of 10 percent of registered voters - about 6,300 - by April 12,

Daily Herald | Palatine schools' bond sale divides board, community

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