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.

This entry was posted in Politics. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.