Stateline 94 TID pays off MRO, may close early with surplus
Village finance staff reported TID No. 7 (State Line 94) paid off its MRO in 2025 and ended the year with a fund balance of about $351,008; cash-flow projections indicate the district could close early and leave funds to distribute.
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Cathy, the village finance director, presented the TID No. 7 annual report and said the village borrowed $9.7 million in 2025 to support the district’s financing needs and paid off the MRO owed to Stateline (principal $9.6 million and interest about $475,000).
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