Budget committee recommends GO and sewer bond plan to fund roads, riverwalk and sewer work

KANKAKEE, Ill. — The City of Kankakee budget committee voted July to recommend that the City Council proceed with a general-obligation bond issue and a sewer revenue bond to fund several capital projects, including major road repairs, Bookman Boulevard reconstruction and sewer infiltration-and-inflow work. The committee’s recommendation follows a presentation from Bob Vail of Bernardi Securities laying out market conditions, a list of near-term capital projects and a proposed debt structure the city says will maintain its current tax-rate trajectory. The committee’s vote: Motion to recommend proceeding with the bond issuance was made by Alderman De Vara and seconded by Alderman Jones; the committee recorded aye votes from Aldermen O’Brien, O’Singa, Marzak, Navaraz, Michael Johnson and…