Unit 5 is asking for money that could hurt taxpayers

Local News
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A McLean County school district is asking for money that could affect your wallet. Unit 5 is preparing to issue $16.5 million in bonds to help fund its operating expenses.

According to The Pantagraph, the bonds would add about 2-hundred-and-five-dollars to the average property tax bill per year, for two years.

The money from the bonds would help pay for additional personnel and interventionists needed to achieve the best practices.

The borrowing would allow the district to cover operating costs, which cost the district $96,500 in interest and fees last year.

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