1 • Thursday, June 24, 2021 - The Elmhurst Independent
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Elmhurst’s Locally Owned and Operated Hometown Newspaper
VOL. 19 • NO. 27
373787
WWW.THEINDEPENDENTNEWSPAPERS.COM
THURSDAY, JUNE 24, 2021
School District 205 updates master facilities plan Referendum tax impact originally to be $150 per year now estimated at just $4
By Chris Fox FOR THE ELMHURST INDEPENDENT
The Elmhurst Community Unit School District 205 Board held a regular meeting on Tuesday, June 15 at the District 205 Center, 162 S. York St. All seven board members attended the meeting. The meeting included a presentation about the district’s master facilities plan. The district’s interim superintendent—Dr. Linda Yonke— noted that the district is at critical points in the design processes of the improvements at both Field Elementary School and Conrad Fischer Ele-
mentary School. The district sought guidance from the board on proceeding with design concepts for the improvements to those two schools.
Bond sales reduce tax impact on homeowners Yonke referred to the $168.5 million referendum that district voters approved in November 2018 to pay for improvements at the district’s facilities. She noted that the tax impact of that referendum was estimated to be an additional $150 per year for the owner of a home valued at $500,000. After the district recently sold referendum-related bonds at favorable interest rates, the tax impact for the owner of a home of that value is now estimated at just $4 per year. Board member Jim Collins noted that the district took advantage of disruptions in financial markets due
like family
to the COVID-19 pandemic. He said the district accelerated its referendum-related financing. He said the additional tax impact of the referendum—now estimated at $4 per year for the owner of a home valued at $500,000, applies over a 25-year period. He said the tax impact from the referendum is set to go up for a few years before going down, then leveling off for several years. Yonke noted that the district had more than $38 million in reserves as of May 31, 2021. That date represented an annual low point in the district’s reserves, she said. The figure of about $38 million was about 27.5 percent of the district’s annual budget, Yonke said. As of Saturday, June 5, the district had reportedly completed about
See PLAN, Page 8
Rebuild Illinois funds earmarked for pedestrian overpass across Route 83 FOR THE ELMHURST INDEPENDENT
At a meeting of the Elmhurst City Council held last October, a measure was passed to move forward with a pedestrian/bicycle bridge to be constructed over Route 83 just north of North Avenue. The Public Works and Building Committee (PWB) presented a recommendation to approve a funding resolution grant request for the Illinois Route 83 Pedestrian/Bicycle Bridge Project. The City’s request for funding was related to the Illinois Transportation
Enhancement Program (ITEP). As part of the ITEP grant application, the Illinois Department of Transportation (IDOT) requires that any community applying for federal grant money must have funds reserved or appropriated to cover that community’s share of the project costs. In this case, the City’s share is expected to be $400,000. Last week, State Senator Suzy Glowiak Hilton (D-Western Springs) announced a state investment to construct the bike and pedestrian path in Elmhurst. The funds will come from
Inside:
the Rebuild Illinois program. “Bike paths provide a safe public space for residents, families and visitors to be physically active and enjoy the outdoors,” Glowiak Hilton said in a statement. “This major investment will allow residents to enjoy even more opportunities for safe transportation and recreation, as well as attract visitors to our area.” She said the most notable project in the 24th District includes $198,000 to build a pedestrian overpass cross-
START MAK Girls take 2nd in state in soccer CHRIS FOX PHOTO Elmhurst Independent
FOR LEARNI
Senior co-captains Elena Munk (left) and Emma Carter hold up the second-place trophy received by the Timothy Christian girls soccer team at the IHSA Class 1A state championship match at Hoffman Estates High School on Saturday, June 19. More photos in Sports.
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