"With its savings projected to disappear within five years and the upcoming 2010-2011 budget showing an $8 million deficit, the financial picture at Palatine Township Elementary District 15 is bleak."
"The school board in March will likely vote on a proposal to sell between $20 million and $24 million in bonds, a move that doesn't require a referendum. If passed, about half the proceeds would go toward capital projects and the remainder would be used to establish a working cash fund."
