Mundelein school district borrows $3.7 million for building projects

The Mundelein District 75 board has agreed to borrow up to $3.7 million by issuing bonds to pay for required upgrades and modifications at its four schools.

Because the work is all related to life safety work required by the state, the district can issue the bonds without going to referendum. How much or whether it will affect property tax bills is to be determined.

The district has restructured some debt and other debt will be retired in the next few years. Doing some of the work in house will lower the estimated cost and ultimately the amount that has to be borrowed, according to Superintendent Andy Henrikson.