Sycamore Park District to hold bond sales hearing
SYCAMORE – The Sycamore Park District board will hold a public hearing today on roughly $530,000 in bond sales during a meeting that could help set the future course for major projects.
The annual bond sale would help fund the park district’s yearly capital costs such as playground maintenance and needed replacements and is already part of the budget, which is divided into a capital and recreation fund. Roughly $180,000 would go toward paying down old debt while the rest would cover capital costs.
The proposed sale comes at a time when the district is projected to take in about $32,000 less in property tax revenue.
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