Financing
School District 120 is asking the community to consider a $149.5 million building bond issue on the November 5, 2024 ballot.
While the project to renovate and expand Mundelein High School will cost $199.5 million, District 120 will allocate $50 million of non-referendum dollars toward the project. If the referendum passes, these funds would be used in conjunction with the $149.5 million of voter-approved referendum dollars.
The proposed referendum is $25 million less than the referendum voters rejected in April 2023. Since then, the District re-shaped and fine-tuned the scope, reducing the project by more than 36,000 square feet of new construction.
The estimated tax impact for the owner of a $300,000 home is 40 percent less than it would have been if the 2023 referendum had passed.
Currently, District 120’s tax rate of $2.48 / $100 (of equalized assessed valuation) is the fourth lowest of the high school districts in Lake County.
Tax Impact Calculator
This tax calculator will show the estimated homeowner investment for a $149.5 million referendum.
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