Winfield to vote on borrowing plan for roads
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The Winfield village board is expected to vote Thursday on a plan to borrow $4 million to repair some of the town's worst streets.
Scott Sanders | Staff Photographer
Winfield trustees are expected to vote Thursday night on a plan to borrow millions of dollars to fix the village's worst streets.
The town needs an estimated $4 million to repair more than 10 miles of roads that are in poor to failing condition. If the borrowing plan is approved, the village will be able to make repairs next year.
However, some trustees have argued that Winfield should seek voter approval before issuing the so-called general obligation debt certificate, which would be repaid over 20 years.
Property owners would see an increase on their village property tax bill starting in June 2014.
It's estimated the owner of a $235,000 home -- the average value of a house in Winfield -- would pay an additional $49 in property taxes to the village during the first year.
The village board meets 7 p.m. Thursday at village hall, 27W465 Jewell Road, in Winfield.
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