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,.
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