Homewood trustees will consider two measures at their regular meeting Tuesday, July 28, regarding the switch to Hammond, Indiana, and Chicago Heights as the village's water source.
Prior to the regular meeting, the board will hold a public hearing on a proposal to issue about $2 million in general obligation bonds to pay for public infrastructure improvements and capital equipment costs. The bonds will be about half of one percent of the village's equalized assessed value. Municipalities are authorized by state law to incur debt up to 8.62 percent of equalized assessed valuation (EAV . . .
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