new-lenox-township.2

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.

Leave a Comment





Latest News Stories

Lawmakers grill Hegseth on Iran conflict, $1.5T budget request

Lawmakers grill Hegseth on Iran conflict, $1.5T budget request

By Thérèse BoudreauxThe Center Square As the U.S.-Iran conflict continues with no end in sight, Secretary of War Pete Hegseth dodged questions from U.S. lawmakers on both sides of the...
Trump confirms Makary out at FDA

Trump confirms Makary out at FDA

By Andrew RiceThe Center Square President Donald Trump confirmed on Tuesday that Marty Makary would be leaving his post atop the U.S. Food and Drug Administration. While speaking to reporters...
Trump to 'be thinking' about red line in Iran ceasefire

Trump to ‘be thinking’ about red line in Iran ceasefire

By Andrew RiceThe Center Square President Donald Trump said he will "be thinking" about a potential red line in the ceasefire between the U.S. and Iran as he departed to...
Detroit border agents seize greatest volume of drugs at northern border

Detroit border agents seize greatest volume of drugs at northern border

By Bethany BlankleyThe Center Square Over the past seven years, Border Patrol agents working in the U.S. Customs and Border Protection Detroit Sector have seized the greatest volume of drugs...
WATCH: Ex-rep sues Pritzker, Illinois over race-based congressional map

WATCH: Ex-rep sues Pritzker, Illinois over race-based congressional map

By Sean Reed | The Center SquareThe Center Square (The Center Square) – Illinois’ congressional district map is being challenged over what some argue are unconstitutional racial requirements for districts....
Lawmakers tussle over impacts of ‘equitable’ school funding in Illinois

Lawmakers tussle over impacts of ‘equitable’ school funding in Illinois

By Sean Reed | The Center SquareThe Center Square (The Center Square) – The evidence-based funding formula for public schools in Illinois, signed into law in 2017, was under the...
Illinois Quick Hits: $42.6M UIS student library on schedule

Illinois Quick Hits: $42.6M UIS student library on schedule

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The Illinois Capital Development Board says a $42.6 million state taxpayer-funded library project is on schedule at...
An 'arms race' for pay at elite, tax-exempt colleges

An ‘arms race’ for pay at elite, tax-exempt colleges

By Jared StrongThe Center Square Top private nonprofit universities that receive government funding pay some of their top leaders millions of dollars and one even received a $20 million longevity...
Inflation rises to 3.8%, driven by energy prices

Inflation rises to 3.8%, driven by energy prices

By Andrew RiceThe Center Square Inflation increased 0.6% in April, with an overall rate of 3.8% over the last 12 months, according to new data from the U.S. Bureau of...
New congressional map expected for Alabama in wake of high court ruling

New congressional map expected for Alabama in wake of high court ruling

By Alan WootenThe Center Square Alabama could soon have a congressional map in place that would offer the chance for a Republican gain of seat in the U.S. House of...
Will County Board Graphic.04

State Legislative Update: Housing Mandates, Mega Projects, and Data Centers Prompt Local Control Concerns

Will County Board Legislative Committee Meeting | May 5, 2026 Article SummaryState lobbyists from Mac Strategies briefed the Will County Board Legislative Committee on the final push of the spring...
Mastriano nominated to serve as Ambassador to Slovakia

Mastriano nominated to serve as Ambassador to Slovakia

By John ColeThe Center Square State Sen. Doug Mastriano, R-Chambersburg, has been nominated by President Donald Trump’s administration to serve as the United States Ambassador to Slovakia. “I am deeply...
Trump seeks rare suspension of the federal gas tax

Trump seeks rare suspension of the federal gas tax

By Alton WallaceThe Center Square President Donald Trump said Monday he will move to suspend the federal gasoline tax as the national average price of a gallon remains above $4.50...
Trump asks court to freeze tariff ruling amid import surge fears

Trump asks court to freeze tariff ruling amid import surge fears

By Brett RowlandThe Center Square The Trump administration asked the U.S. Court of International Trade on Monday to pause its ruling blocking the president's Section 122 tariffs, warning that even...
Data center regs proposed as $20 billion, 795-acre Joliet project advances

Data center regs proposed as $20 billion, 795-acre Joliet project advances

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Opponents of a planned $20 billion data center project in Joliet say big tech money arrived before...