School District U-46 is planning to sell $32 million in bonds to increase its working cash fund, a measure that most likely won’t need voter approval and that officials say won’t raise taxes.

“The school district does not need voter signatures or additional approval to proceed with this bond sale,” Ann Williams, deputy superintendent of operations/treasurer, said in an email. “The board has initiated a standard, state-authorized process to issue bonds as part of the district’s long-term financial plan.”

During a work session at last week’s school board meeting, Williams discussed starting the formal process to sell the bonds. Elizabeth Hennessy, managing director for the Raymond James investment banking firm, explained the process.

It requires that the board pass a resolution at its Nov

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