Material changes to the district’s financial projection

On February 9, 2016 during the District 112 school board meeting, CFO Mohsin Dada contradicted previous district assumptions about the long-term financial viability the $198 million (plus $165 interest) referendum will buy us. Listen to this video in which he states that even with a passed referendum, we are only fiscally viable until 2026. With projected savings after consolidation accruing only after 6 years out, that leaves the district only potentially fiscally viable under this plan for 4 years, not the 30 years plus that the district has previously stated.