r
Highland Pk voters
.to decide rntllaqe
HIGHLAND PK - Highland
Park �:k decide on a renewal
o 5.9 of p operty tax for
school operations Wednesday,
Jan.Z7.
The 5.9 mills -- $5.90 of
property tax for each Sl,(XX) of
assessed property valuation -
are for school operations:
textbooks, classroom supplies,
salaries, utilities, insurance, and
other operating expense ac
cording to Greg Byndrian,
spokesperson for the schools.
At stake are 51,030,000 in
local money plus 51,648,000 in
St te matchingmo ey, both tied
. to approval of the 5.9 mills,
Byndrian said.
The combined total, $2.6 mil
lion represents aboout 11 per
cent of the School District's
$23.5 milliollin revenues for the
19ff7-88 fiscal year which CD
June 30 .:
One mill in Highland Par
yields only around 5174,000,
Byndrian said.
Highland Park's 23 precincts
are open from 7 a.m. to 8 p.m.
. All registered Highland Park
voters are �ligible to vote.
The 6;044-student School'
District has been battling a
deficit caused by steeper-than
projected enrollment declines
and resulting losses of over S8
million in State aid over a six
year period.
A major reduction in the
deficit looms with the expected
late January or early February
sale of 55 million in deficit
reduction bonds. I
The bond issue was
authorized by voters last
January, but the sale was
delayed when another unex
pected enrollment decline this
'\ fall forced over $1 million in
. budget cuts jo compensate for
e loss of state aid.
The school's deficit he d
the bond sale as state law re
quires a balanced budget before
a bond sale can occur.
The sale will trim 55 million
off the district's $6.2 million
deficit.
\
n in�I1j10�y of a life we ve missed " r,20 years,.
MARTI :tUTHE G'JR.
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EOPE 'EDIO
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