The Flossmoor District 161 Board of Education voted to reclaim $1 million in taxes to avoid significant deficits or budget cuts over the next five years. It may consider the same approach next year. The partial recapture of taxes abated through the 2025 Property Tax Relief Grant (PTRG) was a[Read More…]
Tag: school district finances
Two school boards get low interest rates on bond sales
District 153 sold $8.2 million in general obligation bonds, and District 233 refunded $14.65 million in debt saving nearly $1 million through a lower interest rates. Both districts were anxious to get into the market before the Federal Reserve issued minutes from its last meeting or made its anticipated move[Read More…]
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