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District 34 borrowing to pay off renovations School leaders say chances slim state grant will materialize.

Publication: Daily Herald (Arlington Heights, IL)
Publication Date: 30-JUN-05
Format: Online - approximately 550 words
Delivery: Immediate Online Access
Full Article Title: District 34 borrowing to pay off renovations School leaders say chances slim state grant will materialize.(News)

Article Excerpt
Byline: Jack Komperda Daily Herald Staff Writer

The Winfield Elementary District 34 school board has informally decided yet again to borrow up to $2 million to offset state construction grants officials have been waiting to receive for nearly three years.

Just how much they'll borrow won't be determined until next month. The full amount would equal about two-thirds the total of next year's school budget.

The money would be used to pay the remainder of a $9 million renovation of the...

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