CL Library “Vote Yes” Signs Appearing

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

Local School Finances – How to Probe

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

County Seeking Million Dollar Savings in Debt Refinancing

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

McHenry County College to Hear Health Club-Health Sciences Report Tuesday at 6

The driving force behind several successful candidacies for the McHenry County College Board last spring were referred to in shorthand as the “Health Club.” The cost was to be in the neighborhood of $42 million. The general proposal was that … Continue reading

Eight MCC Candidates Face Public, Incumbent Barbara Walters Doesn’t

Eight of the nine candidates for the McHenry County Board showed up to face a small fraction of the public at the MCC auditorium Monday night. There were Scott Alford Chris Jenner Carol Larson Erik Sivertsen Mike Smith Molly Walsh … Continue reading

MCC Board Candidate Tom Wilbeck Holding Reception

For $35 you can meet and mingle with those who support Lakewood’s Tom Wilbeck for McHenry County College Board. On his invitation, Wilbeck stresses, “Tom is opposed to MCC issuing bonds for expansion without voter approval.” The event will be … Continue reading

McSweeney and Franks Make Chicago Tribune with Alternative Bond Reform Bill

David McSweeney knows how to pick ’em. And Jack Franks has been a master of gaining publicity for virtually his entire 14-year legislative career. McSweeney came up with the idea to reform the alternative revenue bond process and had a … Continue reading

McSweeney and Franks Send Shot Across McHenry County College’s Bow

Interpret this press release as you wish, but I think the bill is aimed at McHenry County College. It could be aimed at abuses in Lakewood from over twenty years ago when the Village Board sold alternative revenue bonds to … Continue reading

West Dundee Ice Rink Non-Profit had “No Skin in the Game,” Will MCC Health Club Operator?

The Illinois Finance Authority sold tax exempt bonds for the Leaf’s Hockey Club in West Dundee in 2007. Almost $20 million worth “with no equity at risk,” reports Crane’s Chicago Business. In this case, the bondholders are left holding the … Continue reading

Courts Force Disclosure of Tax Dollars Spent to Pass Northfield Township High School Referendum–$60,000 in 2006, Passed by 241 Votes

Here is a press release explaining the successful conclusion–from a taxpayer’s point of view–of a suit to stop taxeating local governments from promoting their tax increase referendums.  Although it did not originate in McHenry County, it will affect school districts, … Continue reading

Crain’s Poll Shows People Oppose Tax Subsidies for Sports Stadiums

As the McHenry County College Board and a majority of the Crystal Lake City Council learned, most people don’t think their tax dollars should be used to prop up those wanting to build sports stadiums. Now, Crain’s Chicago Business has … Continue reading

MCC to Refinance Loans in Hope of Saving Money

McHenry County College has $2.2 million in outstanding bonds, issued apparently without a referendum, for which interest higher than market rate is being paid. The Board is scheduled to refinance them at Thursday’s meeting and save 2.5 percentage points, as … Continue reading