DeKalb School District to give Business Community Debt Update

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schooldebtupdateAs part of the City of DeKalb’s monthly Business Coordination Meeting, as well as through various meetings with other business people, one of the questions that arises again and again is how the DeKalb School District’s bonds are structured to repay the debt and how will it impact property taxes in the future.  Working in coordination with the DeKalb School District, Elizabeth Hennessey from William Blair Investments has offered to make a presentation to DeKalb’s business community in order to better understand the structure of the bonds and their future potential impact. According to the press release, Elizabeth Hennessy is the Financial Advisor for both the City of DeKalb and DeKalb School District 428.

The presentation will take place this Wednesday, December 2, 2015 from 3:00 – 5:00 p.m. in City Hall Council Chambers, 200 South Fourth Street in DeKalb.  It will include an overview of the School District’s current outstanding debt and possible financing/refunding options that may be available to them in the future.

Join in, as the City of DeKalb and the DeKalb School District provide greater insight into how the School District debt will be handled in the future.  If you plan on attending, please RSVP to Executive Assistant Ruth Scott at 815-748-2090 or at ruth.scott@cityofdekalb.com.  For more information, call the DeKalb City Manager’s Office at (815) 748-2090 or options that may be available to the District in the future, send an email to ruth.scott@cityofdekalb.com.  Please feel free to forward this invitation to other members of the business community.

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