This is the second count in attorney Tim Dwyer’s tax protest suit against Crystal Lake Grade School District District 47: DISTRICT 47 WORKING CASH FUND – EXCESSIVE ACCUMULATION At the end of the fiscal year 2015, District 47 had $13,950,587 … Continue reading
Category Archives: Working Cash Fund
The referendum on the ballot in Cary’s elementary school district passed tonight providing an outlier for major tax hike referendums locally. Here are the results before the early and absentee votes are added: 58% to 41% were the results. So … Continue reading
“It’s just a little nothing bill.” I can hear the words coming out of House Sponsor Roger Eddy to colleagues asking privately what the bill was all about. Not that I know Eddy. I just know the process. When you … Continue reading
The Cary District 26 School Board drama started with the authorization of a $17 million Working Cash Fund referendum. I am no fan of Working Cash Funds. They are mechanisms whereby school districts borrow money for current operations and, after … Continue reading
Here’s what the school administrators gave the District 26 school board members before they voted 4-3 to ask for $17 million in Working Cash bonds. Remember this contains no outside analysis. I made my general comments on my dislike of … Continue reading
Here’s what the school administrators gave the District 26 school board members before they voted 4-3 to ask for $17 million in Working Cash bonds. Remember this contains no outside analysis. I made my general comments on my dislike of … Continue reading
One of the most notorious violations of taxpayers used by school districts is the use of Working Cash Funds. The scam works this way. The school board passes a resolution to borrow money (issue bonds). Taxpayers do have a short … Continue reading
One of the most notorious violations of taxpayers used by school districts is the use of Working Cash Funds. The scam works this way. The school board passes a resolution to borrow money (issue bonds). Taxpayers do have a short … Continue reading