Tag: bond interest

Written by Diane Benjamin - editor

Normal isn’t raising property taxes because they want Unit 5 to raise them

By: Diane Benjamin Tonight’s packet: https://www.normalil.gov/ArchiveCenter/ViewFile/Item/4519 PDF page 49: Depending on the assessed value increase for your property, taxes should stay about the same as last year. If Unit 5 raises property taxes Normal wins big. Remember TIF districts? Normal has 5. Any increase in property taxes for TIF properties goes to the TIF, not […]

Written by Diane Benjamin - editor

Like Debt?

By:  Diane Benjamin See this story from December 2, 2017   https://blnnews.com/2017/12/02/normal-tossing-money-yours/ Bond payments look like they are made twice a year. On the agenda for Monday night:  Interest payments of $1,541,388.73     http://www.normal.org/ArchiveCenter/ViewFile/Item/2973 In December the interest payments totaled $1,628,761.92 That’s a decrease of $87,373.19 Total debt is decreasing slowly – it was $92,320,992 at […]