Rock Valley College recently did the same but did not need to seek voter approval.
The question may be whether to extend its existing debt for another 20 to 25 years, or allow its debt to expire - and, accordingly, its tax rate to drop…The college is close to paying off debt from past projects and would need voter support to extend the current tax rate to raise $168 million for the potential projects
Daily Herald | Are taxpayers ready to let College of DuPage take on more debt?
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