an independent Tea Party group in DuPage County, IL
DuPage County Forest Preserve officials unveiled plans Tuesday [2/14] that could lead to improvements at preserves, but also could result in a tax increase. Because interest rates have dropped, the forest preserve commission plans to refinance $38 million in debt that would result in saving $2 million. Officials and about 16 residents who attended a special meeting Tuesday night agreed refinancing is a smart move. But what might happen next is sparking more debate.
The question is, do they lower tax rates (a little bit) due to these savings - or spend it - or borrow more so they can improve even more. See the Daily Herald article (and on-line comments) http://www.dailyherald.com/article/20120215/news/702159691/
The next Forest Preserve Board meeting is Tues at 9am at the Forest Preserve Headquarters, 3S580 Naperville Rd. Wheaton. Meeting notices:
The agenda for Tuesday [2/21] has a resolution of approve $48,700,000 which includes and additional $10 million for land acquistion that was never discussed at the meetings.
I did some research and found a pdf file....
Forest Preserve District
Fiscal Year 11/12 Approved Budget
& Related Material
(from pages 33, 34, 36 of pdf file)
Which bonds are they planning to refinance?
Will it change the paid-off date?
Should we really be going further into debt?
The cost per taxpayer is small... but, lots of little bits add to something quite significant.