Quoting Jim Thornton, executive secretary for the Public Building Commission, "This is not a blank check for the school district. The commission has been a steward of the taxpayers. This commission has worked hard to provide funding for the school district (#150) without a BIG impact on the taxpayers, and the whole end product is the schools--the new schools allow for the advancement in education."
Thornton was speaking about the $97 million (so far) that is being spent and funded by tax-supported bonds. Actually borrowing over $90 million means the actual cost to be borne largely by property owners will total over $150 million.
Will new schools bring the level of student learning up to or above standards set for the state and will property tax payers in the district see "advancement in education"?
Good question especially for the younger people who plan to retire in Peoria and the retirees already here.
Everybody likes "new". Unfortunately, it will be mainly the property owners who will pay for the "new". If these schools will soon allow space in the County Jail and Juvenile Center to be closed, the welfare kitchens eventually be closed except for the very unfortunate, teachers and principals working for less money now that they have beautiful buildings with lots of windows, I could possibly see a return in the investment.
Unfortunately, I won't be around to bear witness.