Knox Clerk-Treasurer Learns that the School’s Bond Will Not Have Negative Impact on Tax Caps

Knox Clerk-Treasurer Jeff Houston told city council members of a potential impact Knox Community School’s bond pursuance may have on the city’s budget.

At Tuesday’s meeting, Houston told members he was under the impression the school’s bond may affect the city’s circuit breaker tax caps but he wasn’t sure about how much of an impact it would have.

He explained that the Knox School Corporation has recently been going through a process similar to what the city did when they took on community center renovations where a bond is set up through a separate building corporation that then leases the building back to the entity. Continue reading

Eastern Pulaski Schools Anticipate Savings Through Bond Refinancing

 
 

During the Eastern Pulaski School Board meeting Monday evening, the board decided without any opposition to refinance the school’s pension bonds. Back in 2006, the state allowed schools to take out bonds to pay off their pension obligations, that money still needs to be repaid. With this resolution, the school will be taking advantage of lower interest rates to reduce the cost and still pay the bonds off in the same amount of time. Continue reading

Culver Turns to Water Project Funding

culver town hall
 

Bids have been awarded, but now the Town of Culver is focusing on just how to fund upgrades to their water treatment facility.

The Culver Town Council has set a special meeting for June 2nd to adopt an ordinance allowing bonds to be issued to fund the $1.7-million. A separate ordinance specifying new rates for water consumption will also be introduced at the June 2nd meeting. The water rate ordinance will likely be adopted in mid-June.
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