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Bonds

Friday, April 12, 2013

LWHS D210 Board Hears Report on Bond Restructure

Supt. Lawrence Wyllie presented a review of the financial situation.

At the Lincoln-Way High School District 210 Board of Education meeting held Thursday, board members heard a report on the outcome of the bond refunding approved in January to restructure the debt to help reduce the total tax rate citizens will see in their May property tax bills. Supt. Lawrence A. Wyllie reviewed the financial situation for board members explaining that the total tax rate last year was 1.8306 compared to 1.9190 this year. “If we would have not refunded the bonds, it would have been .0467 higher or 1.9657. We have helped the taxpayers,” Wyllie told the board. Wyllie continued, “The CPI was 3.0 percent issued in these bills while next year it will be 1.7 percent. The total extension including bond and interest was $70,252,…

FSR

10:14 am on Saturday, April 13, 2013

Not at all and not sure how you came up with that idea from my statement. And then you have the nerve to suggest that the success of the district is with just East and Central. The other two schools offer nothing? What the hell are you drinking? Having experienced two of the four schools directly, one old one new, this district is successful as a whole inclusive of all four schools.   more ›

Friday, January 11, 2013

Lincoln-Way D210 Restructures Bonds to Reduce Tax Rate

Restructuring $225 million in bonds is expected to save taxpayers money.

The  Lincoln-Way High School District 210 Board of Education Thursday approved a bond refunding resolution to restructure the debt in a way that reduces the total tax rate by 7-to-8 cents. "We have explored options of either generating more revenue or helping our taxpayers by reducing the bond and interest rate. Unfortunately, we cannot generate any additional revenue, but we can take advantage of probably the lowest bond rate we may ever see and help reduce costs to our taxpayers," said Supt. Lawrence Wyllie. In a presentation last month on the debt restructuring plan, Wyllie explained how restructuring $225 million in bonds would work to reduce the actual tax rate.  Despite the approved $3.5 million tax levy increase for 2012, the …

Linda Carson

2:52 pm on Friday, January 11, 2013

A quarter-Billion dollars. It's all a house-of-cards.   more ›

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