Taxpayers in the Rockford Public Schools district could owe about $775 MILLION in debt, which we would be responsible for paying off until 2061. This debt, resulting from the RPS bond proposal, is tied to indoor turf and construction projects—meaning not a single cent is allocated to support teachers or existing classrooms.
Despite a 40% increase in school revenue due to higher property taxes, enrollment has declined by 6% since 2019. It's important to note that your taxes have already increased, even if the number of mills does not reflect that change. Until 2061, a staggering 60% of your school taxes will go toward debt payments.
Furthermore, bonds cannot be used for maintenance; yet, Rockford Public Schools admits, 'We do not have the resources to support maintaining or improving these buildings.' Community accountability is essential, and while we all want to support our students, borrowing while already in debt is not a sustainable solution. Transparency for RPS taxpayers is crucial in addressing these financial challenges.