June 2, 2025-The Kaneland School District is pleased to announce a significant step forward in its commitment to improving educational facilities following the successful passage of the referendum for $140,274,000 on April 1, 2025. At the recent Board of Education meeting, the Kaneland Board approved a resolution allowing the District to issue up to $38,000,000 in General Obligation School Bonds to begin funding the projects.

The funds generated from these bonds will play a crucial role in initiating the priority capital improvement projects that voters approved. In addition to funding significant enhancements to our schools, the proceeds will also be utilized to refund certain outstanding obligations, thus optimizing the District's debt structure and providing financial relief.

This resolution paves the way for several key actions, including the execution of an Escrow Agreement, the establishment of a direct annual tax to ensure the repayment of the bonds, and the approval for the sale of the bonds to selected purchasers.

"We are excited to take the next step in transforming our district's facilities," said Superintendent

Dr. Kurt Rohlwing." This bond issuance not only reflects the community's support for our students and their educational environment but also positions us to manage our financial obligations responsibly."