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Orland Park mayor says village faces $250 million debt projection if current plan continues
5442213 · July 23, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Mayor Jim Dodge told residents the village could see about $250 million in total debt over five years under the existing borrowing plan and said the board will consider steps to reduce that projection.
Mayor Jim Dodge said the Village of Orland Park’s current borrowing plan could leave the village with about $250,000,000 in total outstanding debt within five years if unchanged. Dodge told residents that, prior to the meeting, the village had roughly $90,000,000 in outstanding debt and that a decision not to issue bonds in 2024 and early 2025…
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