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

Executive Committee: Tension Rises as Republican Whip Removed from Panel

Will County Executive Committee Meeting | February 11, 2026 Article Summary: A dispute over committee appointments erupted when Republican leadership challenged the removal of Member Vince Logan from the Executive...

Ad-Hoc Committee: County Stripped of Power to Regulate Motor Races, Must Drop Solicitor Fees Due to State Statutes

Will County Ad-Hoc Ordinance Review Committee Meeting | February 10, 2026 Article Summary: The Will County Board Ad-Hoc Ordinance Review Committee repealed county regulations regarding motor stunt events and removed...

Commission Overrides Staff Recommendation, Approves Manhattan Township Barn Expansion

Will County Planning and Zoning Commission Meeting | February 17, 2026 Article Summary: A Manhattan Township homeowner received unanimous approval for three variances to expand a pole barn, despite county...

‘Crazy’: Trump blasts Dem policies, SCOTUS tariff ruling in wide-ranging State of Union

By Sarah Roderick-FitchThe Center Square The economy, immigration and patriotism took center stage Tuesday night as President Donald Trump delivered his second State of the Union Address of his second...

Spanberger slams Trump, calls for unity

By Andrew RiceThe Center Square Virginia Democratic Gov. Abigail Spanberger slammed the Trump administration Tuesday night during the Democratic response to President Donald Trump's State of the Union address. Spanberger...

Chicago could owe $100M+ in refunds for excessive city tickets

By Jonathan Bilyk | Legal NewslineThe Center Square The city of Chicago could be on the hook for more than $160 million in refunds to thousands of vehicle owners slammed...

Illinois quick hits: Indiana House approves Bears stadium bill; Business, labor groups file petition to stop natural gas phaseout; Chicago woman gets 2 years for PPP fraud

By Jim Talamonti | The Center SquareThe Center Square Indiana House approves Bears stadium bill The Indiana House of Representatives passed legislation to establish a Northwest Indiana stadium authority for...

Community violence intervention advocates tout crime reduction, taxpayer funding

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – With more than $100 million of assistance from state taxpayers, community violence intervention advocates are touting lower...

Pritzker’s social media fee plan faces cost, legality questions

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – An internet freedom advocate says Gov. J.B. Pritzker’s proposed social media platform fee will raise costs for...

Board Approves Ten-Year Safety Survey for Liberty Junior High

New Lenox School District 122 Meeting | January 20, 2026 Article Summary: The Board of Education approved the mandated Ten-Year Safety Survey for Liberty Junior High School, officially moving the compliance...

Chicago tourism rises; visitors ignore Trump’s condemnation

By Glenn Minnis | The Center Square contributorThe Center Square (The Center Square) – Illinois Hotel & Lodging Association President Michael Jacobson is proud to call Chicago an outlier when...

New Lenox Park District Reports 12.7% Programming Surge, Celebrates $10,000 Resident Donation to LWSRA

New Lenox Community Park District Board of Commissioners Meeting | January 21, 2026 Article Summary:Buoyed by strong community participation, the New Lenox Community Park District recorded a nearly 13% increase...

New Lenox Library Initiates Comprehensive Staff Compensation Study for Fiscal Year 2027

New Lenox Public Library District Board of Trustees Meeting | January 19, 2026 Article Summary:The New Lenox Public Library District is undertaking a full organizational compensation study to ensure its...

Illinois quick hits: Chicago man faces charges in road-rage shooting; migrant accused of murdering church volunteer; Illinois Liquor Control Commission launches new system

By Jim Talamonti | The Center SquareThe Center Square Chicago man faces charges in road-rage shooting A Chicago man is facing aggravated firearm charges after an alleged road-rage shooting on...

Executive Committee Advances “Project Northwinds”: 2,475 Jobs and $346 Million Investment Proposed for Former Caterpillar, Lion Electric Sites

Will County Executive Committee Meeting | February 11, 2026 Article Summary: The Will County Board Executive Committee moved forward a resolution supporting a massive manufacturing project that promises nearly 2,500...

« Previous
1
…
70
71
72
73
74
…
173
Next »