The latest twist in the Highland Park 112 Referendum

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.

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