Park Perspectives: Glencoe Park District's Referendum
Wednesday, October 30, 2024
Carol Spain, President of the Glencoe Park District, and Lisa Sheppard, Executive Director, shared insights into the District's upcoming referendum. Their discussion highlights the District's commitment to maintaining community assets and exploring new opportunities for improvement without increasing the current debt service tax rate.
The Rationale for a Referendum
The Glencoe Park District faces a backlog of $22 million in projects needed over the next decade. As Carol explains, the timing for the referendum is strategic, coinciding with the maturation of a bond for the Takiff Center in 2025. This overlap provides an opportunity to introduce new funding mechanisms without increasing the debt service levy, ensuring fiscal prudence while addressing the community's needs.
Listening to the Community
Community involvement has been a cornerstone of planning for this referendum. Last year, the Park District conducted an extensive survey alongside several community meetings to gather feedback and ensure alignment with residents' priorities and needs. This input has shaped the projects proposed, reflecting a shared vision for the district's future.
Navigating Separate Financial Streams
While the Village of Glencoe is pursuing a Home Rule this November, it's crucial to note that this does not affect the Park District's funding. Carol underscores the importance of understanding that both entities operate independently in terms of financial structuring and governance.
Ongoing and Future Projects
The District is committed to utilizing grants, donations, and reserve funds to complete the necessary infrastructure projects. However, should the referendum not pass, difficult decisions may need to be made.
Learn More
Glencoe Park District Board of Commissioners has placed a $14.7 million bond referendum on the November 5, 2024 ballot to address beach, park, and facility improvements without increasing the current debt service tax rate. Residents are encouraged to visit the Park District's webpage for detailed project information and to contact Lisa or Carol directly with questions.