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

Illinois Quick Hits: Independents launch campaigns for governor, Congress

Illinois Quick Hits: Independents launch campaigns for governor, Congress

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Independent gubernatorial candidate Collin Corbett has filed petitions to challenge Gov. J.B. Pritzker and Republican Darren Bailey...
South Carolina off the redistricting bandwagon

South Carolina off the redistricting bandwagon

By Alan WootenThe Center Square Cross South Carolina off the redistricting list that has swept the nation since the storm blew out of Texas in July. Usually done after apportionment...
Screenshot 2026-05-21 at 5.12.39 PM

New Lenox Marks Gun Violence Awareness Day, Spotlights New State Storage Law

Meeting Summary and Briefs: New Lenox Village Board for May 18, 2026 Article Summary: The New Lenox Village Board on Monday, May 18, 2026, issued a proclamation recognizing National Gun...
Meta to ask appeals court to end biometrics suit over Messenger filters

Meta to ask appeals court to end biometrics suit over Messenger filters

By Scott Holland | Legal NewslineThe Center Square A Southern Illinois federal judge will allow Meta to ask a federal appeals panel if its Facebook Messenger program can be subject...
Paxton pushes Cornyn out of longtime U.S. Senate seat

Paxton pushes Cornyn out of longtime U.S. Senate seat

By Bethany BlankleyThe Center Square Texas Attorney General Ken Paxton on Tuesday ousted four-term incumbent U.S. Sen. John Cornyn during a night of major upsets and a race that got...
Costco says no refunds owed to customers for tariff price hikes

Costco says no refunds owed to customers for tariff price hikes

By Jonathan Bilyk | Legal NewslineThe Center Square CHICAGO — Warehouse club retail giant Costco says it doesn't owe its customers any refunds for higher prices they paid when Costco...
Dems decide against joining fraud roundtable at White House

Dems decide against joining fraud roundtable at White House

By Chris WoodwardThe Center Square Democratic attorneys general decided against attending a Tuesday roundtable at the White House to discuss fraud in welfare, including Medicaid. Speaking to reporters during a...
VA launches MDMA trial years in the making for veterans

VA launches MDMA trial years in the making for veterans

By Brett RowlandThe Center Square The U.S. Department of Veterans Affairs on Tuesday launched a clinical trial testing MDMA-assisted therapy for veterans with post-traumatic stress disorder and alcohol use disorder,...
AI safety regulations advance in Springfield, despite industry concern

AI safety regulations advance in Springfield, despite industry concern

By Sean Reed | The Center SquareThe Center Square (The Center Square) – A push to regulate artificial intelligence products in Illinois has taken a major step toward becoming law....
EXCLUSIVE: U.S. Border Patrol chief retires after historic drop in illegal border crossings

EXCLUSIVE: U.S. Border Patrol chief retires after historic drop in illegal border crossings

By Bethany BlankleyThe Center Square Mike Banks, who was the first U.S. Border Patrol chief during President Donald Trump’s second term, has reentered retirement after helping bring illegal border crossings...
White House urges state AGs to target, punish Medicaid fraudsters

White House urges state AGs to target, punish Medicaid fraudsters

By Thérèse BoudreauxThe Center Square White House officials urged a group of state attorneys general to partner with the Trump administration to combat fraud in welfare programs and hold fraudsters...
NASA unveils $1B moon base push amid cost questions

NASA unveils $1B moon base push amid cost questions

By Brett RowlandThe Center Square NASA unveiled nearly $1 billion in new moon base contracts Tuesday as its top official called for less reliance on taxpayer funding and a faster...
Drug-discount program likely to expand in Illinois, despite lax oversight

Drug-discount program likely to expand in Illinois, despite lax oversight

By Sean Reed | The Center SquareThe Center Square (The Center Square) – An initiative to expand a federal program that provides drug discounts to hospitals and clinics in Illinois...
Analyst warns Bears megaproject bill could raise taxes

Analyst warns Bears megaproject bill could raise taxes

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – A tax policy analyst says he is glad the Cook County Treasurer’s Office issued a report on...
Chicago proposes funding tax rebates with salaries from vacant city jobs

Chicago proposes funding tax rebates with salaries from vacant city jobs

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Five Chicago aldermen have proposed new property tax rebates to be funded by salaries for vacant city...