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Wed August 15, 2012
Rockford school board approves major facilities upgrade plan
The Board has also approved placing a referendum on the November ballot. It would ask voters to allow the district to sell nearly $140-million in bonds to help fund the plan.
The bond sale would cover the first phase of the ten-year plan.
Board member Lisa Jackson says she firmly believes the upgrades to schools are needed.
"I've been in some of the buildings and there does need to be some work done" Jackson said.
Board members opted not to include the construction of any new schools in the first phase, which would take about five years to complete.
Administration officials insist the bond sale would not raise the local property tax rate, because the new debt would replace retiring bond debt.