The Examiner U-46 News FeedU-46 Board approves tax abatement, expenses By Seth Hancock
The Board of Education in School District U-46 unanimously approved, via 7-0 votes, of a property tax abatement as well as $3 million in expenditure items, all operations and maintenance, at its Monday, Feb. 7 meeting.
The tax levy abatement totaled $9.6 million which will pay for the debt service of a $66 million bond from 2003. Since 2015, the district has abated about $48.3 million.
“This abatement is the same as the prior year,” said Dale Burnidge, director of financial operations. “Since 2015, we have abated a portion of the operating funds to help cover some of the debt service. And this payment that we’re abating tonight for those 2003 bonds will be the last payment on that bond series.”
The largest expenditure item approved was $1.1 million with Evans and Son Blacktop for track improvements at Streamwood High School.
“The recommendation is to replace the track,” the proposal states. “The drainage at both the home and visitor bleachers are also considered insufficient. Thus, administration is recommending adding drainage swales and dry wells by the home bleachers and a trench drain under the visitor bleachers to alleviate the ponding issues.”
Two fire alarm replacement projects were approved, $761,000 with Kelso-Burnett Co. for Streamwood’s Tefft Middle School and 339,880 with iWire Technologies for Wayne Elementary School.
Auditorium lights will be replaced at Bartlett High School costing $446,900 with Associated Electrical Contractors and a parking lot project at Elgin’s Larsen Middle School costing $395,649 with Schroeder Asphalt Services after those projects were also approved.
Also unanimously approved was $10.2 million in itemized bills.
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