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District 200 Board Members finalize Jefferson building plan, funding option before Jan. 9 vote

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With the reduction in project size, the board will now seek approval from taxpayers for a $17.6 million referendum, rather than an $18.3 million.

In addition to finalizing which plan the board will support with the spring referendum, members also discussed funding options for the Jefferson project at the Dec. 12 meeting.

Members compromised on an option that would make some payment annually on the principal of the bonds the district issues to pay for the project — in order to limit the amount the district will have to pay later on — while still being sensitive to the burden placed on taxpayers in the district.

According to this payment plan, owners of a $200,000 home in the district would pay an additional $19 annually in property taxes. Owners of a $500,000 would pay $51 more in property taxes each year.

The next board meeting is scheduled to take place at 7:30 p.m. Jan. 9 at Hubble Middle School, 3S600 Herrick Road in Warrenville.

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