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Lansing approves tax abatement to cover debt service on 2019A refunding bonds
Summary
Ordinance #26-014 was approved March 17 to abate real estate tax levied for tax year 2025 for the purpose of paying debt service on General Obligation Refunding Bonds, Series 2019A; approval was unanimous (6–0).
The Village Board of Lansing approved Ordinance #26-014 on March 17, 2026, abating a real estate tax levy for tax year 2025 to cover debt service on the Village's General Obligation Refunding Bonds, Series 2019A. Trustee Smith moved for approval; Trustee Valencia seconded and the ordinance passed on a 6–0 roll call.
The minutes record the action as a fiscal housekeeping step tied to the village’s bond obligations; the ordinance was presented during the Finance & HRC portion of the agenda and no dissent or amendments were recorded in the minutes.
