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:
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Abatement Amount: The board abated $285,000 for the 2025 tax levy year.
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Reasoning: Money currently held in the 2002 Debt Service Fund is sufficient to make the bond payment.
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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.
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