From State Senator Dan McConchie: McConchie plan injects fiscal responsibility in budget-making process Would protect Road Fund, cap state spending, and provide better revenue estimates Springfield, IL… In an effort to promote fiscal responsibility in the budget-making process, State Senator … Continue reading
Category Archives: Bond
With 95% of the precincts reporting, the McHenry High School Board gained voter approval to borrow $44 million. … 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
The McHenry District 156 Vote Yes for Lower Taxes and Better Schools committee has a campaign that is a naked attempt to deceive voters into missing out on a really big tax cut in 2020. The District currently levies about … 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
From Cary Grade School Board President Scott Coffey: FYI, D-47 just issued $9.2 million of new debt certificates on 6/26/18. The bonds will be paid off over the course of the next 15 years (2/1/33). Note: There is no statutory … 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
The Crystal Lake Park District could have asked voters for permission to borrow $3.5 million to pay for these purposes: 2 playground replacements 1 dump truck 1 pickup truck with plow Lippold synthetic turf replacement Lippold flood relief projects Several … Continue reading
The Crystal Lake Park District is planning to borrow $3.5 million. The proposal does not need voter approval, although, if 3,010 people sign petitions, a referendum would have to be put on the ballot this fall. (For those interested, petitions … Continue reading
McHenry Country Blog warned Crystal Lake Park District taxpayers about the proposed borrowing of $3.5 million last Tuesday. Now, new Editor Jon Styf has moved it up to the news pages: Crystal Lake Park District considers selling $3.5M in debt … Continue reading
In Sunday’s Northwest Herald, new editor Jon Styf wrote that the paper was “working on getting more local content into the back pages.” Boy, did he succeed on Tuesday. The last page of the paper had a legal notice in … 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
$6 billion debt will be issued for unpaid bills, according to Senate Bill 2218. Unpaid bills are now about $14 million. To entice lenders, part of the individual income tax collections will be deposited in a fund to pay back … Continue reading
McHenry County Blog has filed Freedom of Information request to find out how public relations costs this year, when the bond referendum was being run, compared with last year’s. Below is what was found: Listed below are the amounts spent … Continue reading
Read the Northwest Herald at Colonial Cafe today. Here’s what I saw that might be considered related to the Tuesday Election. On the front page was a sticker from Republican candidate for McHenry County State’s Attorney Patrick Kenneally. Next was … 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