Township Abates $285,000 in Taxes for Senior Housing Bonds

December 28, 2025/

Spread the love

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.

Latest News Stories

Will County Legislative Committee July 1 Meeting Briefs

Federal Budget Impact: Will County could face significant funding challenges if federal budget reconciliation measures reduce Medicaid and SNAP benefits. The county health department and social services rely heavily on...

Will-County-Finance-Committee-Meeting-July-1-2025

County Moves Forward with $200.8 Million Bond Refinancing Plan

Will County Finance Committee members on July 1 approved moving forward with a comprehensive bond refinancing ordinance that could save taxpayers more than $716,000 over the life of the bonds...

Will-County-Public-Works-Transportation-Committee-Meeting-July-1-2025

Access Will County Dial-a-Ride Program Sees Record Growth, Eyes Expansion

Will County's dial-a-ride transportation service for seniors and disabled residents reached record ridership levels while officials plan major expansion to cover all county townships. The Access Will County program served...

Will-County-Capital-Improvements-IT-Committee-Meeting-July-1-2025

Will County to Launch New Public Meeting Agenda System in August Amidst Data Conversion Concerns

Will County is set to launch its new public meeting agenda and records software, Granicus “OneMeeting,” in August, but the transition will see over a decade of historical records converted...

Will-County-Planning-and-Zoning-Commission-Meeting-July-1-2025

Green Garden Township Poised for First Major Subdivision in Years After Rezoning

The Will County Planning and Zoning Commission has recommended a rezoning that could pave the way for the first major residential subdivision in Green Garden Township in nearly two decades....

County RNG Facility Shows Strong Performance Despite Solar Challenges

Will County's Renewable Natural Gas facility is exceeding production targets while officials explore options to reduce substantial electricity costs that currently impact profitability. Project manager Greg Komperda told Finance Committee...

PZC Briefs: Solar Farm in Crete, Post-Fire Permit for Troy Business, and More

The Will County Planning and Zoning Commission handled several other cases during its July 1 meeting, including a new solar farm, a temporary permit for a fire-damaged business, and routine...

In Brief: Capital & IT News

Here are other highlights from the Will County Capital Improvements & IT Committee meeting on Tuesday. Successful Fire Drill at County BuildingThe Will County Office Building held its first full...

Will County Finance Committee July 1 Meeting Briefs

Bond Refinancing Advances: Finance Committee approved an ordinance authorizing up to $200.8 million in bond refinancing that could save taxpayers more than $716,000. The measure moves to the full County...

Will County Public Works Committee Juliy 1 Meeting Briefs

ROAD CONTRACTS APPROVED Austin Tyler Construction Contract: The committee approved a $691,544 contract with Austin Tyler Construction for resurfacing River Road from East Frontage Road to Prairie Creek Bridge and...

New Lenox Library Board Seats New Trustees, Reorganizes After Election

NEW LENOX – The New Lenox Public Library District Board of Trustees officially seated its newly elected members and reorganized its leadership and committee assignments for the new term at...

New Lenox D122 Board Approves Nearly $300,000 for Summer Maintenance Projects

The New Lenox School District 122 Board of Education has approved a comprehensive list of 56 maintenance and capital improvement projects to be completed over the summer, allocating a total...

New Lenox Fire District to Launch Comfort Dog Program for First Responders, Community

NEW LENOX – The New Lenox Fire Protection District is adding a four-legged member to its team after the Board of Trustees unanimously approved the creation of a new comfort...

Library’s ‘Studio’ Draws Record Crowds with New Tech and Creative Programs

NEW LENOX – The New Lenox Public Library’s creative hub, The Studio, is experiencing a surge in popularity, shattering attendance records and successfully launching new technology-driven programs, according to a...

D122 to Spend $24,950 on Professional Enrollment Forecast

New Lenox School District 122 will hire an outside firm to conduct a comprehensive, 10-year enrollment forecast at an estimated cost of $24,950. The Board of Education approved an agreement...

« Previous
1
…
164
165
166
167
168
…
173
Next »