As the Chicago Board of Education approved a plan to sell $2.3 billion in bonds to pay for new construction, one person in the audience posed a good question: When will the public be able to see the list of projects?
"is the plan available today that will reflect in clear detail why projects, attendance centers, facilities and renovation requests will directly benefit?" asked Okema Lewis.
The short answer: no, at least not yet.
Shools chief Ron Huberman said today's action gives the board the power to quickly issue bonds when interest rates are low. The full $2.3 billion wouldn't be issued at once. Instead, CPS will issue bonds several times over they next three years, officials say.
Before that happens, the public will get to comment in the list of projects.
And CPS will start publishing a yearly capital improvement plan of top-priority construction projects, board president Michael Scott says.