Flossmoor’s stellar financial rating was reaffirmed this week as the village refinanced bonds at a considerably lower interest rate, with a savings of $85,000.
Still, village officials warned that Flossmoor is entering a precarious fiscal period and said residents may be asked to approve an increase in the local sales tax rate as early as next spring.
Village board members Monday approved a three-tiered package allowing the refunding of the 2002 bonds, which were used…
