Lyondell could keep Dist. 111 budget in black
Minooka High hopeful for deal regarding company's back taxes
MINOOKA — If Minooka High School District 111 gets 70 percent of 2008 and 2009 property taxes owed it by LyondellBasell, the district will end the current fiscal year $1.6 million in the black. If not, the district will have a $700,000 deficit.
That was part of the report district Business Manager Todd Drafall gave to the board of education and the public last week, during a public hearing on the proposed budget.
LyondellBasell owes several years back taxes, which have been in dispute for some time. The district is working to come to a mutual agreement with the company.
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