Cook County 2020 ESPLOST Question -

Shall a special one percent sales and use tax for educational purposes be continued in Cook County for a period of time not to exceed 20 calendar quarters and for the raising of not more than $17,000,000 for the purpose of funding all or a portion of (a) the costs of (i) acquiring, constructing and equipping new school buildings, administration buildings, athletic buildings/facilities and other buildings and facilities useful or desirable in connection therewith, (ii) adding to, renovating, repairing, improving and equipping existing school buildings, administration buildings, athletic buildings/facilities and other buildings and facilities useful or desirable therewith, (iii) acquiring, installing and equipping portable classrooms, (iv) acquiring buses and other vehicles and retro-fitting existing school buses with seatbelts or other safety/security equipment, (v) acquiring technology and textbooks and (vi) acquiring land for future facilities (the "Projects") and (b) the costs of acquiring certain capital outlay assets (the "Leased Assets") that are being leased by the School District? If imposition of the tax is approved by the voters, such vote shall also constitute an approval of the issuance of general obligation debt of the School District in the maximum principal amount of $10,350,000 for the purposes of funding all or a portion of the costs of the Projects and the costs of acquiring the Leased Assets.