Close to 40 members of the community made their way out Tuesday evening for the final community engagement meeting in the series of meeting being put on by the Board of Education in relation to their proposed new elementary building project.
Members from First Mid-State Bank out of Bloomington were in attendance for the meeting. Superintendent of Clinton School's Dr. Jeff Holmes explains the big topic of discussion was the school district being able to fund the building without raising the tax rate. Dr. Holmes explains the way the school's bonds are situated now, they will be able to do exactly that.
[audio:finalmeeting1.mp3]Word from Dr. Holmes[/audio]
When school's use bonds to fund project such as the one the Clinton School district is seeking, they first need permission from the tax payer. Then according to Dr. Holmes, the process becomes similar to taking a mortgage out for a home, and the money gets paid back over many years.
[audio:finalmeeting2.mp3]Word from Dr. Holmes[/audio]
Dr. Holmes explains, right now is a great time to try and build. He says interest rates are lower than they have been in nearly 50-years.
[audio:finalmeeting3.mp3]Word from Dr. Holmes[/audio]
The Board will now shift the focus from the community engagement process to the referendum process. Dr. Holmes says the Board of Education would like to see the community take charge to getting the referendum passed at the March primary.