Belvidere School District planning $70 million for urgent maintenance without tax hike

“No tax hike”  that really means—perhaps a continuation of referenda rates as if the new high school.bonds were never paid off

Belvidere School District planning $70 million for urgent maintenance without tax hike

Read the story at:  Belvidere School District planning $70 million for urgent maintenance without tax hike | MyStateline | WTVO WQRF News, Weather and Sports

Here is all the planned borrowing which District 100 is thinking—the debt for the new high school will effectively be continued until 2064.  Oh yesthe board is planning to issue the bonds without a voter referendum—so called back-door referenda

SUMMARY Note alternate bonds are paid from the sales tax. Coverage requirement necessitate an additional revenue to pledge as security. District Contribution of Funds on Hand...................................................................................………………………………………....…........................ $12,000,000 Life Safety Proceeds (2025)...................................………………………………………………………………………......................................... $20,820,313 Life Safety Proceeds (2026)..........................……………………………………………………………………….................................................. $17,913,907 Total Assigned Capital Funds for Phase 1 Projects............................……………………………………………………………………............... $50,734,220 DSEB and/or Life Safety Proceeds (2027)....................................………………………………………………………………………................. $27,910,000 Life Safety Proceeds (2028)..................................................………………………………………………………………………......................... $17,090,000 Alternate Bond Proceeds (2028).................................................……………………………………………………………………...…................ $25,000,000 Sub-Total Bond Proceeds for Phase 2 Projects.....................………………………………………………………………………........................ $70,000,000 Alternate Bond Proceeds (2030)................................................................’………………………………………………………………………... $30,000,000 Total Bond Proceeds for Phase 2 Projects....................................………………………………………………………………………............... $100,000,000 Total Project Funds.........................................................…………………………………………………………………….................…............. $150,734,220 Total Debt Service (Includes Series 2025) (1).............................……………………………………………………………………..........…....... $244,588,830 Final Year of Alternate Bond Debt Service..............................................………………………………………………………………………................... 2064 Estimated Annual Excess Sales Tax Revenues................................................……………………………………………………………….……….. $500,000 _______ (1) Rates based upon market conditions as of August 10, 2026 and recent bond sales which PMA believes to be accurate and reliable plus 0.25%. NOTE: Scenarios where a greater portion of the overall debt is issued in advance of the expenditures of the proceeds will

Regular Meeting of the Board of Education - Aug 17 2026 - Agenda – Pdf

Above is from District 100 August agenda page 99            SEE:  Regular Meeting of the Board of Education - Aug 17 2026 - Agenda - Pdf

Belvidere Assembly Plant is coming back

Stellantis announced Aug. 14 that the next-generation Jeep Cherokee will be the first U.S. vehicle assembled on the new STLA One platform, and it will be built in Belvidere starting in 2028.

The STLA One platform, a flexible, modular design intended to enhance product competitiveness, improve manufacturing efficiency and simplify vehicle development across more than 30 models globally by 2035, was announced in May, according to a news release from Stellantis.

 

 

The Belvidere Assembly Plant, about 60 miles west of Chicago, is expected to assemble a minimum of two vehicles on the new design

continue reading:  Stellantis to spend $800M, launch new platform in Belvidere

Interesting Analysis

 

Executive walk thru schedule for Belvidere Assembly Plant. 2027 reopening?

ROCKFORD, IL — United Auto Worker leaders and Stellantis executives will tour the Belvidere Assembly Plant April 30 as they prepare to discuss a "launch agreement," UAW Local 1268 President Matt Frantzen said.

Frantzen, in an update to UAW 1268 members posted on Facebook, said Stellantis officials reached out to the union to talk about a launch agreement. A meeting was scheduled for May 6. Frantzen said a launch agreement would govern plans for retooling the assembly plant and for launching production.

UAW Local 1268 President Matt Frantzen speaks to the crowd Thursday, Aug. 22, 2024, during a Keep the Promise Rally at the UAW Hall, 1100 Chrysler Drive, in Belvidere.© Kara Hawley/Rockford Register Star

"The fact that a meeting has been set for this discussion is good news for the status of the plant," Frantzen said.

Stellantis in October announced that it would resume production at the Belvidere facility at some point in 2027, about four years after it idled the plant in February 2023. Plans are to assemble the Jeep Compass and the Jeep Cherokee in Belvidere.

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Idling the plant meant laying off or dislocating 1,350 workers. Stellantis, the maker of Dodge, Ram and Jeep among many other brands, said it plans to invest $600 million to re-open the Belvidere Assembly Plant.

A walk-through is among the first steps needed before plans to retool the plant for production of the Jeeps are announced.

Frantzen said no announcements are expected following the walk-through.

"If any information is received from this visit, I'll update everyone with the information," Frantzen said.

Jeff Kolkey writes about government, economic development and other issues for the Rockford Register Star. He can be reached via email at jkolkey@rrstar.com and on X @jeffkolkey.

This article originally appeared on Rockford Register Star: Stellantis plans corporate walk through at Belvidere Assembly Plant

Marion Thornberry pleads guilty

Below is from:  Boone County board member pleads guilty to stealing money from church

Boone County Board member pleads guilty to stealing money from a church.

Elect a clown==get a circus

Below is from X posting by:  

Mindy Fischer Writer

@mindys4Biden

This entire administration is a joke. These are not serious people. They're idiot clowns. What an embarrassment to this country.