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With referendum a possibility , Oswego School District 308 hosting series of meetings focusing on finances · Kendall County News - Shaw Local

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  Speaker 1: With referendum of possibility. Oswego School District three hundred and
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  Speaker 1: eight hosting series of meetings focusing on finances. Written by
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  Speaker 1: Joey Weslow, this article is being read by an automated
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  Speaker 1: voice brought to you by Everlett. As the Aswego School
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  Speaker 1: District three hundred and eight decides whether to put a
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  Speaker 1: three hundred and seventeen million dollars bond referendum on the
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  Speaker 1: upcoming November ballot to address aging school buildings, the district
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  Speaker 1: is hosting a series of public meetings designed to provide
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  Speaker 1: residence insight into the district's finances. Three meetings are being
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  Speaker 1: held between August fourth to six, including one virtual and
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  Speaker 1: two in person events. The district said the sessions are
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  Speaker 1: designed to help residents better understand where school funding comes
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  Speaker 1: from and how the dollars are allocated. The sessions are
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  Speaker 1: also focusing on how financing has changed for the upcoming
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  Speaker 1: school year compared to years past, and the district's ongoing
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  Speaker 1: financial needs. According to a release, the district includes twenty
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  Speaker 1: two schools. Staying informed about how our district is funded
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  Speaker 1: and how those resources are used is important for every
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  Speaker 1: member of our community. Rafael OBAFEMI, chief financial officer said
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  Speaker 1: in the release, whether or not you have a student
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  Speaker 1: in our schools, these meetings are an opportunity to ask
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  Speaker 1: questions and better understand the decisions behind our budget. A
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  Speaker 1: virtual meeting is being held at eleven forty five am
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  Speaker 1: on August fourth. The link is available on the district
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  Speaker 1: calendar at SD three zero eight dot org. The first
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  Speaker 1: in person event is four to thirty pm on August
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  Speaker 1: fifth at Wolfe's Crossing Elementary School three thousand and fifteen
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  Speaker 1: s Eola, RD, Aurora. The final in person event is
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  Speaker 1: five pm on August sixth at as we Go High
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  Speaker 1: School four thy two hundred and fifty L seventy one.
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  Speaker 1: As we Go School District officials have previously said around
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  Speaker 1: seventy percent of the schools built between two thousand and
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  Speaker 1: one and two thousand and eight need major systems replaced.
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  Speaker 1: Officials said the proposed referendum mostly covers infrastructure upgrades such
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  Speaker 1: as roof replacements and HVAC improvements. Flooring, plumbing, electrical and
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  Speaker 1: building exterior improvements are also included. The three hundred and
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  Speaker 1: seventeen million dollars would fund work across ten years. District
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  Speaker 1: officials have previously said if the proposed referendum passes, homeowners
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  Speaker 1: would actually see a decrease in their property taxes because
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  Speaker 1: it coincides with the district retiring existing long term debt
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  Speaker 1: as well. For a home with a fair market value
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  Speaker 1: of three hundred thousand dollars, residents would pay about one
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  Speaker 1: hundred dollars less per year starting in twenty twenty eight,
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  Speaker 1: and an additional fifty six dollars less beginning in twenty
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  Speaker 1: thirty six. The district said A two hundred and seventy
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  Speaker 1: five million dollars referendum by Yorkville School District one hundred
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  Speaker 1: and fifteen for new and expanded school buildings failed overwhelmingly
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  Speaker 1: on the March ballot