Financing
The District 120 community passed a $149.5 million building bond referendum on the November 5, 2024 ballot. The funds will be used to renovate and expand Mundelein High School over a period of about three years. The entire project cost will total $199.5 million, with District 120 allocating $50 million of debt service funds toward the project.
The estimated tax impact for the owner of a $300,000 home will be about $414 annually over a period of 30 years. However, it is important to note that the referendum will not likely impact taxpayers in 2025, as the existing $50 million will be used in the project’s first year.
This page will be updated as District 120 moves forward with the sales of bonds to fund the project, giving taxpayers a clearer picture of the tax impact in the years ahead.