What is a bond referendum?
A bond referendum asks voters to approve borrowing funds for capital improvements, such as construction, renovations, and major system replacements. If approved, the bonds are repaid over time through property taxes. Bond funds can only be used for facilities and cannot be used for operating expenses.
What is the estimated size of the proposed bond referendum?
District 63 is considering a 25-year, $163 million bond referendum.
What is the estimated tax impact?
The estimated annual tax impact is approximately $423 ($35/month) for a home with a fair market value of $350,000. A tax impact calculator is available so residents can estimate impacts based on their property value.
Would delaying these improvements increase costs?
Construction inflation and the likelihood of system failures mean that delaying improvements would likely increase total costs over time. The proposed improvements would help reduce reliance on costly emergency repairs.
Has the District been fiscally responsible?
The District has proactively invested between $300,000 and $6.5 million per year in capital improvements and has used non-referendum bond funding for smaller projects. Major recent improvements, like the Gemini renovation and Early Learning Center, were completed with non-referendum funds. However, with most buildings now 56-70 years old, a more comprehensive funding solution is required to replace major systems and add needed space.
Why can’t the District continue making repairs instead of issuing voter-approved bonds?
The District has addressed many needs through ongoing maintenance and targeted projects, but maintenance funding is designed for short-term fixes, not the coordinated replacement of major systems that are reaching end-of-life across multiple buildings.
Addressing issues only as they arise can result in repeated, duplicative work and higher long-term costs. A long-term bond allows the District to plan and complete major improvements comprehensively and more efficiently, rather than relying on ongoing reactive repairs.
What improvements has the District made recently?
The District completed a major renovation and expansion at Gemini Middle School in 2020 and opened a new Early Learning Center in 2020. These projects addressed specific needs at those sites. However, many other District buildings and systems are several decades old and continue to require significant updates.
How does District 63’s tax rate compare to neighboring districts?
District 63’s tax rate is among the lowest when compared with nearby peer districts.
How will the $163 million be broken down publicly by school and by project category, and what kind of regular financial reporting and audits will be provided specifically for these bond funds?
The breakdown below represents estimates from our architectural firm, verified by an independent third-party cost estimating firm.
Capital Improvements Cost Breakdown by School
- Apollo Elementary: $64.2M
- Mark Twain Elementary: $22.3M
- Melzer Elementary: $22.2M
- Nelson Elementary: $19.4M
- Washington Elementary: $25.2M
- Gemini Middle: $6.9M
- Family Resource Center: $2.8M
Capital Improvements Cost Breakdown by Category
- Building Additions: $81.9M
- Gymnasium Additions: $16.2M
- Accessibility: $11.3M
- Kitchen Renovations: $2.6M
- Heavy Renovations - Learning Environments: $15.9M
- Light Renovations - Learning Environments: $12.3M
- Heavy Renovations - Support Space/Corridors: $13.7M
- Light Renovations - Support Space: $0.8M
- Site Improvements: $2.5M
- Infrastructure Improvements: $5.8M
Regular reports on the progress of the projects and how the costs are tracking relative to the budget will be provided to the Board and available to the public. Monthly Board meetings are open to the public and are broadcast and recorded. Also, Illinois law requires all school districts to be audited annually by an independent accounting firm. Please refer to the Business Services section of our website to find our most recent audited financial report. It is also important to note that for over a decade, District 63 has received the Certificate of Excellence in Financial Reporting from the Association of School Business Officials International. Approximately seven percent of the 851 Illinois school districts receive this award.
Was a Health/Life Safety (HLS) Ten-Year Survey recently completed by the State’s Regional Office of Education, and how does District 63 plan to fund the facility needs identified?
Yes. A State-required comprehensive facilities audit was completed. The District plans to issue $35 million in HLS bonds in 2026, not to exceed $35 million, to address the required facility improvements. The improvements addressed by the HLS financing are separate from the proposed renovations and additions to be funded by the proposed bond referendum.