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Board approves amendment to 2025 general fund budget and authorizes sale of roughly $3.86 million in promissory notes
Summary
Trustees approved a $20,000 amendment to the 2025 general fund budget and authorized the sale of about $3.86 million in general obligation promissory notes to fund capital projects; financial advisor discussed interest-rate environment and timing.
The Village Board on March 11 approved two finance items: a resolution amending the 2025 general fund budget (a $20,000 reduction) and a resolution providing for the sale of approximately $3,860,000 in general obligation promissory notes, series 2025A, to fund identified capital projects.
Trustees voted in favor of Resolution 20 5-5 (amending the 2025 general fund budget, a $20,000 reduction) by voice vote. The board then approved the resolution…
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