More than Half of Money from East Aurora 2008 Referendum Still in Bank
ICPR Executive Director Sarah Brune was quoted in this article
via the Chicago Tribune
“In the lead up to a 2008 referendum on borrowing $32 million, East Aurora School District 131 officials told of dire consequences if residents failed to approve the tax increase. Colorful brochures warned that without the bond money, the district could have to cut art programs, student clubs and activities, sports or staff.
‘We can’t promote the referendum,’ a district spokesman told the Beacon-News at the time. ‘But we can say, ‘This is the deal,’ and show people the facts.’
District officials now say the borrowed money went into a bank account where more than half of it remains while the district continues to borrow for construction projects. The account helped fund a new kindergarten center in fiscal years 2014 and 2015 and was used to lower property taxes paid on district debt in 2015.”
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