The Huntley Area Library Board wants to sell $12.9 million in twenty year bonds to renovate and expand the library. They also plan to spend $400,000 they have on hand for the project. The existing library is 17,000 square feet. … Continue reading
Category Archives: Bond Issue
With 95% of the precincts reporting, the McHenry High School Board gained voter approval to borrow $44 million. … Continue reading
A press release from McHenry County Board member John Reinert: Reinert: Alternatives to McHenry High School Board’s Tax Hike Proposal Unexplored CRYSTAL LAKE – McHenry County Board member John Reinert is urging voters in McHenry High School District 156 to … Continue reading
“Follow the money.” That was the strategy of the Washington Post reporters in their Watergate investigation. A week ago I sent a Freedom of Information request to McHenry Township asking for payments since the beginning of 2017 to any of … Continue reading
The committee to hike taxes in McHenry High School District 156 got $2,000 from each of the car dealers in McHenry, so they are rolling in cash. Until now, no opposition has reared its head except, McHenry County Board member … Continue reading
From McHenry County Blog reader Mark, who has return after too long an absence: One of the big problems in school district reorganizations is what to do about the pay of employees in the lower paid district, which in this … Continue reading
McHenry County Board John Reinert has researched how the McHenry High School Board could meet the needs of its students without voters approving the borrowing of $44 million. That is the amount of the bond issue on the November ballot … Continue reading
McHenry County residents can be thankful that local educators have not sought to put a one percent sales tax on the ballot. That would give some of us not only one of the highest property taxes in the country, but … Continue reading
A press release from Governor Bruce Rauner, but first some analysis from a Friend of McHenry County Blog: The ten year bond came at a yield of 4.25%. The “MMD 10 year AAA” index yield was 2.44%. So the Illinois … Continue reading
High above the Woodstock Square, a fundraiser for McHenry County Board member Micheal Rein was held in the office of Realtor Kim Keefe. He told of spearheading rhe effort to lower the cost of health care for county employees, including … Continue reading
A press release from Governor Bruce Rauner: State of Illinois prices $750 million in bonds CHICAGO (Nov. 29, 2017) — Today the State of Illinois priced $750 million in new money General Obligation bonds for 2018 capital expenditures. Bond proceeds … Continue reading
A press release from Governor Bruce Rauner: Gov. Rauner takes budget actions Announces borrowing plan to pay down bill backlog, calls on General Assembly to help fix Illinois’ still out-of-balance budget SPRINGFIELD (Sept. 7, 2017) – After conducting a thorough … Continue reading
Haven’t seen anything like this since the Woodstock School bond referendum committee received tens of thousands of dollars from the builder on the south side of town which went under in the housing recession. Architects Engberg Anderson wants to do the … Continue reading
Here is the “closer” in the campaign to convince Crystal Lake voters to vote to increase their real estate tax bills by an average of $132 per year for the next twenty years. … Continue reading
Out in my precinct this past week I saw the remnants of people having campaigned for and against the advisory referendum on a $31.2 million referendum to build a new library in Crystal Lake. The Vote Yes folks had a … Continue reading
A communication from CL Library Trustee Bill Weller about the piece posted yesterday against the $30.1 million advisory referendum put on the ballot by the Crystal Lake City Council: As a Trustee of the CL Public Library, I hope you … Continue reading
People poo-pooed my suggestion a couple of years ago that the signs being passed out by the Crystal Lake Library were intended to support a property tax hike. But look what is popping up in the same yards as those … Continue reading
Crack researcher Susan Handelsmann of rural Woodstock has put together a “how to” piece about figuring out what your school board has done with school finances. It is presented below for McHenry Grade School District 15, but can be adapted … Continue reading
The McHenry County Finance Committee received a proposal to refinance outstanding debt this week. BMO Harris representative Eric Anderson make the presentation. That bank will get the biggest payment for the deal. Refinancing these debt certificates is a lot like refinancing … Continue reading
When Moody’s downgraded the McHenry County Conservation District’s credit rating, I asked for a breakout of the outstanding $124.3 million debt. Here it is: 2001 Referendum bond debt as of 3/31/14 = $51,342,993 2007 Referendum bond debt as of 3/31/14 … Continue reading