Township Abates $285,000 in Taxes for Senior Housing Bonds
New Lenox Township Board Meeting | Nov. 13, 2025
Article Summary: The Board of Trustees passed a resolution to abate taxes related to the 2002 Senior Housing Bond payment. The board determined that sufficient funds already exist in the debt service account to cover the obligation without levying additional taxes on residents.
Tax Abatement Key Points:
-
Abatement Amount: The board abated $285,000 for the 2025 tax levy year.
-
Reasoning: Money currently held in the 2002 Debt Service Fund is sufficient to make the bond payment.
-
Outcome: This specific tax will not be extended to New Lenox Township property owners for the coming year.
The New Lenox Township Board of Trustees on Thursday, November 13, 2025, voted to relieve taxpayers of a specific debt payment for the upcoming year.
The board unanimously adopted Resolution 2025-06, authorizing the abatement of taxes for the year 2025 pursuant to Ordinance 2002-04. This ordinance relates to bonds originally issued for Senior Housing.
According to the resolution, the township has determined that the 2002 Debt Service Fund holds enough money to cover the required debt service payments for the year. Consequently, the $285,000 that would have been levied against property owners will be abated and not collected.
Sunny
Latest News Stories
Land Use & Development Committee forwards Women’s Residential Recovery Center
Board Reviews Special Use for Landscape Business Near Cedar Road S-Curve
Will County Board Members Question Fairness of New Transit Tax Structure
P&Z Commission Advances Plan for Construction Debris Fill Operation on Brandon Road
Regional Transit Agencies Tout New State Funding, Prepare for Shift to ‘NITA’
Village Considers Phasing Out Impact Fee Reductions as Growth Continues
New Lenox Used Car Dealership Approved by Land Use & Development Committee
Land Use Committee: Monee Solar Projects Granted Extensions; Battery Storage Plans Dropped
P&Z Commission: New Women’s Recovery Center Proposed for Patterson Road Receives Support
Ogalla Blasts New State Solar Legislation
Committee Postpones Vote on Brandon Road Fill Operation After Tree Clearing Allegations
Meeting Summary and Briefs: Will County Planning and Zoning Commission for December 2, 2025
Metra Announces No Fare Hikes; Highlights Bridge Projects in Joliet and Mokena
New Lenox Village Board Approves 2025 Tax Levy; Tax Rate Projected to Decrease
