Collinsville Community Unit School District #10 proposes a zero-rate change on the March 19, 2024 general primary election ballot to address critical facility needs throughout Collinsville CUSD 10.
What exactly does this entail? Twenty years ago, bonds were issued to the district to pay for new facilities, such as the construction of Collinsville Middle School. Because those bonds are finishing being paid off, or are “retiring”, the board has decided to issue a “Tax-Transfer”, which will redirect the .22 (per $100 of assessed value) that has been going toward the repayment of those bonds will be put forth into the district’s Operations and Maintenance fund for the future. While the Operations and Maintenance fund will increase by .22, taxpayers will continue to pay the same amount. This prevents additional debt and the purchase of new bonds, as well as paying interest over many years because the district will now be funding its projects.
How does the zero-rate change affect our students? The zero-rate change proposes many benefits for many of the schools in our district. For example, we see improvements in the school’s safety and security measures, such as updates in the alarm mechanics as well as more efficient technology in its entryways. We will also see a large improvement in our school’s HVAC system, ADA access, and updates to the school’s overall learning environment.
Here is a list of links you can refer to for more information:
