Thomasboro school board to issue bonds

Thomasboro school board to issue bonds

THOMASBORO — The Thomasboro school board has declared its intent to issue $750,000 in working cash fund bonds, to be issued any time within the next three years.

They cannot be abated by the 1 percent sales tax money approved by county voters a few years ago. That money can be used for only for capital projects, Superintendent Bonnie McArthur said.

The district's education fund and operation and maintenance fund are both running a deficit. McArthur said the district's reserves are being used to cover the deficit spending.

"Without an increase in revenue, and as long as the state pro rates our general state aid, we will continue to see an increasing deficit in those two funds and will continue to use our reserves to cover the deficit spending," she said.

Also at the meeting, Rantoul Township High School Superintendent Scott Amerio broached the idea of starting an advisory board at the high school that would include one board member from each of the RTHS feeder schools. He said the advisory board is being considered to better communication between the high school and feeder schools and would meet quarterly starting next year.

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