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 Animal Protection Services Advises Against Multi-Campus Shelter Model

Will County Public Health & Safety Committee Meeting | April 2, 2026 Article Summary: Following a request for research, the Will County Animal Protection Services administrator reported that Will County...

Executive Committee Advances $15,000 Strategic Plan Initiative

Will County Board Executive Committee Meeting | April 9, 2026 Article Summary: The Will County Board Executive Committee unanimously approved a $15,000 agreement with Leap HR Consulting to develop the...

Rich States Poor States: Tax policy largely determines states’ economic competitiveness

By Morgan SweeneyThe Center Square No matter what a state offers in terms of natural beauty, work and social opportunities, tax and economic policy — as unglamorous as they sound...

P&Z Commission Overrides Staff Denials, Rescuing Special Use Permits for Joliet Wedding Venue and Romeoville Barge Terminal

Will County Planning and Zoning Commission Meeting | April 7, 2026 Article Summary: The Will County Planning and Zoning Commission voted to overturn administrative denials for two delayed commercial projects—a...

Will County P&Z Commission Grants Extensions for Joliet Township Solar Farm Ground Cover

Will County Planning and Zoning Commission Meeting | April 7, 2026 Article Summary: The Will County Planning and Zoning Commission unanimously granted a final deadline extension for a commercial solar...

P&Z Approves Lockport Bounce House Business Expansion

Will County Planning and Zoning Commission Meeting | April 7, 2026 The commission unanimously approved Zoning Case #ZC-25-137 for Victor H. Lule Huerta, owner of 3262 S. State Street in...

78 pro-life orgs ask DOJ to stop undermining state laws by favoring aborting drug industry

By Tate MillerThe Center Square Susan B. Anthony Pro-Life America led 77 of its pro-life organization colleagues in sending the acting U.S. attorney general a letter asking the Department of...

Illinois Quick Hits: Two of ComEd four released; new trial expected

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – A U.S. appellate court has ordered two defendants in the ComEd Four case to be released pending...

Will County Treasurer Seeks Policy on Cash Payments as U.S. Mint Discontinues the Penny

Briefs: Will County Board Finance Committee Meeting | April 7, 2026 Article Summary: With the U.S. Mint ceasing production of the penny, the Will County Treasurer's Office is asking the...

Lend a hand this spring at Volunteer Morning programs

Volunteers are being sought for spring programs that help spruce up the preserves by removing invasive species, controlling brush and planting native plants. Here are the spring Volunteer Morning programs....

Lincoln-Way East Boys Outpace West and Stagg to Claim SWSC Triangular Victory

The Lincoln-Way East Griffins showcased their formidable depth Tuesday afternoon, securing a first-place finish at the boys SouthWest Suburban Conference (SWSC) triangular meet hosted by Lincoln-Way West. The Griffins compiled...

Lincoln-Way East Girls Track Dominates Triangular Meet Against West and Stagg

The Lincoln-Way East Griffins girls track and field team delivered a commanding performance on their home turf Tuesday, April 14, 2026, easily outdistancing Lincoln-Way West and Stagg in a triangular...

Proposed State Legislation Sparks Debate Over Will County Veterans Assistance Commission Budget Control

Will County Board Legislative Committee Meeting | April 7, 2026 Article Summary: State legislation aimed at granting county boards ultimate approval power over Veterans Assistance Commission (VAC) budgets sparked debate...

Chicago suit vs oil cos. may yet survive SCOTUS ruling, judge hints

By Jonathan Bilyk | Legal NewslineThe Center Square Even as the Supreme Court considers a Colorado case that oil companies believe will decide if city and state governments can sue...

Two of ComEd Four released. new trial pending