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Sunday, November 24, 2024

April vote will decide if Barrington School District 220 receives $185 million to finance renovations

Money 02

Voters will head to the polls on April 2 to decide if Barrington School District 220 should take on $185 million in bonds for financing several building improvements.

In a 5-2 vote in December, board members for the school district settled on $185 million—the amount of $25 million more than the lowest alternative, and $49 million less than the maximum alternative, according to the Chicago Tribune. The two board members who opposed the decision were Gavin Newman and Angelia Wilcox, who argued that the lowest alternative of $160 million would be a better option.

Wilcox said surveys performed in the community showed that the $160 million option would've likely passed, according to the Tribune.

With the $185 million bonds, homeowners' property taxes will likely increase, whereas they wouldn't have with the $160 million option, according to the Tribune. Property owners will likely pay an additional $100 more each year with the $185 million bonds.

The school district wants to make several security upgrades and renovations, as well as parking and therapy rooms, with the bonds, according to the Tribune.

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