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Board approves resolution abating 2025 taxes to pay debt service on Series 2023 bonds
Summary
Trustees approved a resolution abating taxes levied for 2025 to pay debt service on the General Obligation School Bonds (Alternate Revenue Source), Series 2023, for Community Consolidated School District Number 14.
At the Oct. 15, 2025 meeting trustees considered a resolution to abate taxes previously levied for 2025 so those taxes would not be used to pay debt service on the district’s General Obligation School Bonds (Alternate Revenue Source), Series 2023. Trustee Harris moved the resolution and Trustee Burchi seconded; the motion to approve the abatement resolution is recorded in the minutes.
The action is recorded as a board resolution concerning the district’s debt-service levy for Series 2023 bonds. The minutes identify the affected instrument as 'General Obligation School Bonds (Alternate Revenue Source), Series 2023' and note that the resolution was approved as presented.
