Tag: park district finances

Park district takes advantage of low rates to refund $10.6M debt

The Homewood-Flossmoor Park District is taking advantage of the market and refunding two general obligation bonds totaling $10.6 million for lower interest rates.  The move should save the park district approximately $1.28 million in interest. The switch also will give the park district the ability to take on extra borrowing[Read More…]

Park district proposes estimated levy

The Homewood-Flossmoor Park District is proposing an estimated 2020 levy of $5,479,473, reflecting a slight increase. Under Illinois’ tax cap law, government bodies are allowed to increase taxes yearly by 5% or the Consumer Price Index, whichever is less. The CPI for this year is 2.3%. Sharon Dangles, superintendent of[Read More…]

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