Casey-Westfield Board Approves $4.5 Million Bond Issue with Local Banks

Spread the love

The Casey-Westfield School Board unanimously approved a $4.5 million bond issue for fire prevention, safety improvements, and building renovations during Monday’s meeting, with financing arranged through three local banks at favorable rates.

Kendall King of King’s Financial Consulting reported that First Neighbor Bank, Preferred Bank, and Casey State Bank agreed to participate in the bond issue through direct placement, eliminating many underwriting and administrative fees associated with public bond sales.

“The direct placement with local banks means the District will not pay many of the underwriting and administrative fees associated with a public sale,” King explained. The arrangement also ensures that “local taxpayer money will remain in the local economy.”

The bond package includes up to $4.5 million for altering and reconstructing school buildings and purchasing fire prevention, safety, energy conservation, and security equipment, plus up to $900,000 for refunding existing district bonds.

Due to minimal existing debt, the district structured repayment to maintain or decrease current tax rates for bond and interest payments over the term. The board expressed appreciation to all three local banks for their participation and the economic benefits of keeping funds local.

The board also approved purchasing a critical server replacement for the junior/senior high school at a cost of $19,976 from Quality Networking Solutions. Superintendent Mike Shackelford reported the current 9-year-old server has lost 16GB of memory, runs at 95% capacity, and generates multiple daily error codes.

“It could fail at any time,” Shackelford warned, emphasizing the urgency of the replacement to maintain school technology operations.

Administrative leadership was secured for 2025-2026 with the board approving contracts for all four principal positions: Jim Sullivan as junior/senior high principal, Dalton McFarland as junior/senior high assistant principal, Kacie Rhoads as Monroe Elementary principal, and Audra Taylor as Monroe Elementary assistant principal.

The board also approved rehiring all non-tenured certified staff for the upcoming school year, providing stability and continuity in educational programming.

Student activities continue thriving across grade levels. Monroe Elementary’s Read-A-Thon concluded successfully with students reading 41,272 minutes and raising $5,255 for the library. The Daddy/Daughter Dance attracted 150 girls, while the FFA Tractor Parade proved popular with students.

Academic preparation intensifies with junior high students preparing for state IAR testing March 19-21, while Monroe Elementary will test the week of March 24. The Digital Literacy class is launching a project on investigating digital footprints, connecting technology education to personal responsibility.

Community service initiatives include the high school Student Council hosting a community-wide blood drive April 30, and National Honor Society induction ceremonies scheduled for March 20 at 7:00 p.m.

Infrastructure improvements continue with GRP/Wegman confirming HVAC replacement in Monroe’s 1972 addition over Easter break, funded through the previously approved energy savings contract.

The school calendar received updates with the tentative last day of school projected as Thursday, May 22, followed by Teacher Institute on May 23, assuming no additional snow days.

Leave a Comment





Latest News Stories

Trump: Americans to receive $2,000 each from tariff revenue

Trump: Americans to receive $2,000 each from tariff revenue

By Dan McCalebThe Center Square President Donald Trump on Sunday said every American with the exception of the wealthy will receive $2,000 from the revenue the U.S. has collected from...
Casey Council Meeting.2

City Hall Remodel Plans Move Forward for Public Bidding

Casey City Council Meeting | November 03, 2025 Article SummaryPlans to remodel the front office of Casey City Hall are advancing after the City Hall Committee finalized a new design....
Taxpayer costs rise as U.S. mounts pressure campaign against Venezuela

Taxpayer costs rise as U.S. mounts pressure campaign against Venezuela

By Brett RowlandThe Center Square President Donald Trump's plans for Venezuela could cost U.S. taxpayers more each day as the military's most expensive aircraft carrier arrives. The president says the...
Large naval presence in Caribbean ahead of Ford arrival

Large naval presence in Caribbean ahead of Ford arrival

By Sarah Roderick-FitchThe Center Square As the number of suspected narcotic transport boats destroyed by the U.S. military grows, so does the number of naval vessels in the Caribbean. Secretary...
Voting rights group warns CA redistricting push could undermine trust in IL

Voting rights group warns CA redistricting push could undermine trust in IL

By Catrina Barker | The Center Square contributorThe Center Square (THE CENTer Square) – California Gov. Gavin Newsom is urging states like Illinois to redraw congressional maps, but voting rights...
Chicago downtown office space vacancy rate jumps to record high levels

Chicago downtown office space vacancy rate jumps to record high levels

By Glenn Minnis | The Center Square contributorThe Center Square (The Center Square) – With Chicago’s downtown office vacancy rate now at a record-high 28%, Illinois Policy Institute researcher LyLena...
Screenshot 2025-11-06 at 7.53.07 AM

Casey’s Comprehensive Plan Nears Completion, Public Hearing Set

Casey City Council Meeting | November 03, 2025 Article SummaryThe City of Casey's comprehensive plan update is nearly finalized following a second open house, with a public hearing scheduled for...
Federal court backs union on feds' partisan emails

Federal court backs union on feds’ partisan emails

By Esther WickhamThe Center Square A federal judge ruled Friday that the Trump administration violated employees’ First Amendment rights by allegedly hijacking their email accounts to send automated partisan messages...
Senate Democrats propose new govt. funding deal; Republicans reject it

Senate Democrats propose new govt. funding deal; Republicans reject it

By Thérèse BoudreauxThe Center Square After nearly six weeks of continuously blocking Republicans’ bill to end the ongoing government shutdown, Senate Democrats have modified their funding counterproposal. Instead of demanding...
Trump administration will fully fund SNAP despite appeal

Trump administration will fully fund SNAP despite appeal

By Brett RowlandThe Center Square The Trump administration said Friday afternoon that it would fully fund the Supplemental Nutrition Assistance Program for November, despite the funding lapse and government shutdown....
Report: Princeton ranked best university, best school overall

Report: Princeton ranked best university, best school overall

By Esther WickhamThe Center Square Princeton University claimed the nation's top spot for universities and best school overall in WalletHub's 2026 Best Colleges rankings. The WalletHub report analyzed 800 higher-education...
Trump blasts cost overruns at Obama Presidential Center in Chicago

Trump blasts cost overruns at Obama Presidential Center in Chicago

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Chicago is back in the mind of President Donald Trump, but this time the commander-in-chief’s focus is...
Illinois quick hits: Get Covered Illinois premiums to spike

Illinois quick hits: Get Covered Illinois premiums to spike

By Jim Talamonti | The Center SquareThe Center Square Get Covered Illinois premiums to spike The Get Covered Illinois division of the Illinois Department of Insurance says Illinoisans enrolling in...
Colorado boosts WIC, food pantries amid D.C. stalemate

Colorado boosts WIC, food pantries amid D.C. stalemate

By Elyse ApelThe Center Square Editor's note: This story was updated Friday evening since its initial publication earlier in the day. Colorado is moving forward with stop-gap funding for food...
Aldermen oppose Chicago mayor’s 'punishing' head tax proposal

Aldermen oppose Chicago mayor’s ‘punishing’ head tax proposal

By Jim Talamonti | The Center SquareThe Center Square (THE CENTer SQUAre) – Chicago Mayor Brandon Johnson says he wants corporations to pay more in taxes, but with some city...