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Highwood council approves reallocation of roughly $735,000 private-activity bond cap to Buffalo Grove
Summary
On Feb. 17, 2026, the Highwood City Council approved a resolution to transfer its 2026 private activity bond volume cap — about $735,000 — to the village of Buffalo Grove so the county can pool local allotments for economic development projects.
Highwood — The City of Highwood City Council voted Feb. 17 to reallocate its 2026 private activity bond volume cap to the village of Buffalo Grove, a move council said will allow Lake County partners to pool local authority for economic development projects.
A staff member explained that the state of Illinois gives each municipality a per-capita allotment for private activity bonds, which are used to support manufacturing, multifamily housing and other…
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