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Round Lake Unit School District No. 116: Recommendation on Reorganization from Financial Oversight Panel

 
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 Description:  Due to the severe financial difficulties of Round Lake School District #116, a financial oversight panel (FOP) was established pursuant to 105 ILCS 5/1B of the School Code to oversee all financial decisions for the district. State law provides that the oversight panel can make recommendations to the General Assembly as to what is best in terms of the future of the district. The Panel is recommending that a finance authority be established and empowered with similar responsibilities to the one that was enacted for Chicago School District #299 in 1995. The School Finance Authority in Chicago brought stability to that district's finances, and the Panel believes that this process can do the same for Round Lake 
 Date Created:  01 29 2002 
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 ISL ID:  000000000035   Original UID: 57 FIRST WORD: Round