Restructuring debt helping district sustain financial status quo
Moves should keep property tax rate at $2.34 for 2012, 2013
MINOOKA, Ill. — Minooka Community High School District 111 has saved thousands of dollars in the last few years by restructuring bond debt and taking advantage of interest rates significantly lower than when the bonds were issued.
As a result, the district should be able to maintain its current tax rate of $2.34 for the levy years of 2012 and 2013, which are payable in the summers of 2013 and 2014, respectively, Todd Krzyskowski, managing director for Mesirow Financial, told the board of education Thursday.
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