Richland County CUSD 1 board approves resolution to issue up to $9M in new bonds, refund $12M of debt
January 16, 2026 | Richland County CUSD 1, School Boards, Illinois
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The Richland County Community School District 1 board on Monday adopted a resolution authorizing the issuance of general obligation school bonds not to exceed $9,000,000 for altering, repairing and equipping district school buildings and facilities and authorizing the refunding of outstanding obligations not to exceed $12,000,000.
Mister Wilson moved to adopt the resolution and Mister Dennis Anderson seconded. During discussion the superintendent said the $9,000,000 represents new money for projects and the $12,000,000 covers refinancing of two existing bond debts from a prior high school renovation. "So the $9,000,000 is the new money and the $12,000,000 is the refinance," the superintendent said.
On a roll-call vote the resolution carried. Recorded votes were: Missus Lockley — yes; Mister Scott Snyder — yes; Mister Jake Anderson — yes; Mister Dennis Anderson — yes; Missus Bailey — yes; Mister Wilson — yes; Mister Coker — no.
Board members also noted a typographical error in the draft resolution before the vote and asked staff to correct the document for the record. The board did not provide a timetable or project-level spending plan in open session; those details were not specified.
Mister Wilson moved to adopt the resolution and Mister Dennis Anderson seconded. During discussion the superintendent said the $9,000,000 represents new money for projects and the $12,000,000 covers refinancing of two existing bond debts from a prior high school renovation. "So the $9,000,000 is the new money and the $12,000,000 is the refinance," the superintendent said.
On a roll-call vote the resolution carried. Recorded votes were: Missus Lockley — yes; Mister Scott Snyder — yes; Mister Jake Anderson — yes; Mister Dennis Anderson — yes; Missus Bailey — yes; Mister Wilson — yes; Mister Coker — no.
Board members also noted a typographical error in the draft resolution before the vote and asked staff to correct the document for the record. The board did not provide a timetable or project-level spending plan in open session; those details were not specified.
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