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Oak Lawn officials credit staff work as village earns second straight bond-rating upgrade
Summary
Trustees and the village manager highlighted two consecutive bond-rating upgrades, pointing to increased pension funding, larger fund balances and conservative budgeting; manager Tom Veil said the upgrades reflect treating taxpayer dollars cautiously and improved fiscal stewardship.
Trustees and village management on Tuesday credited staff actions and fiscal changes for two consecutive bond-rating upgrades that officials said have improved Oak Lawn’s financial outlook.
At the Board of Trustees meeting, trustees pointed to increases in pension funding, balanced budgets and rising fund balances as the main drivers behind the upgrades. “We increased our pension funding,” Trustee Desmond said, noting the village…
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