The majority of Glencoe voters approved the referendum authorizing the Village of Glencoe to issue $8.55 million in bonds.
Updated 9:45 p.m. About 74 percent of Glencoe voters approved the referendum authorizing the Village of Glencoe to issue $8.55 million in bonds. Upated 8:39 p.m. With more than half of the precincts reporting 75 percent of voters voted 'yes' to approve the infrastructure bond referendum. Vote Percentage Total Voting Precincts Reporting Yes 74.39% 3,181 8 of 8 No 25.61% 1,095 8 of 8 About Glencoe Bond Referendum The Village of Glencoe is seeking voter approval to issue $8.55 million in bonds to fund sewer improvements, sidewalk replacements and street resurfacing. Homeowners could expect to see a $33 increase on their tax bill annually for each $10,000 paid in property tax until 2018. From 2019 to 2027, the total amount of property …
The village is seeking voter approval to issue $8.55 million in bonds to fund sewer improvements, sidewalk replacements and street resurfacing.
The village is seeking voter approval to issue $8.55 million in bonds to fund sewer improvements, sidewalk replacements and street resurfacing.
On Nov. 6 Glencoe voters will be asked to vote on an infrastructure bond referendum that the village says will fund ongoing infrastructure improvements and maintenance needs, according to the village website. The village is seeking authority to issue $8.55 million in bonds to pay for storm sewer improvements, sanitary sewer maintenance upgrades, street resurfacing and sidewalk replacement work. How does the referendum impact property tax? For each $10,000 paid in property tax, taxpayers would see a $33 increase on their tax bill annually until 2018. From 2019 to 2027, the total amount of property taxes needed to pay the village’s debt is expected to decrease since a portion of Glencoe’s existing debt will be retired. Sewer Improvements …
