Why is it so important for College of DuPage to pursue a no tax rate increase bond referendum this fall?
The College would like to take advantage of a “tax shelf” that was created by refinancing some of its debt last year, giving the College a brief one-year window to ask the voters to approve a No Tax Rate Increase bond issue. This means taxpayers would approve additional money for capital projects, but their tax rate to repay the bonds would remain the same. This is a unique opportunity that is beneficial to both to both the College and the community members it serves.
