General Obligation Alternate Bonds for School Facility Improvements

Community Unit School District Number 15, located in Cass County, Illinois, plans to issue general obligation alternate bonds not to exceed $5,000,000. These funds are designated for the alteration, repair, and equipping of school buildings and facilities. The bonds will be secured by taxes from the County School Facility Occupation Tax Law and the Personal Property Replacement Tax Fund. If these revenues are insufficient, ad valorem property taxes will be used. A petition for a referendum on the bond issuance may be submitted within thirty days of publication, with a potential election date of November 3, 2026. If no petition is filed, the District will proceed with issuing the bonds.