Breaking News Bar
updated: 3/18/2014 9:42 PM

Voters backing Oakbrook Terrace Fire District loan request

Success - Article sent! close

Early unofficial totals show Oakbrook Terrace voters appear to be supporting a request from the Oakbrook Terrace Fire Protection District to borrow $2 million intended to shore up the district's budget.

With 43 percent of precincts reporting, about 68 percent of voters are supporting the measure to allow the district to take out a $2 million loan.

The district has been spending about 15 percent of its annual budget to repay loans taken to cover annual shortfalls.

The $2 million -- to be repaid over 10 years with property taxes -- would allow the district to consolidate and refinance its existing debt. District officials also intend to replace and repair outdated fire protection and paramedic equipment, make improvements to the fire station, and repair and maintain district vehicles.

The loan, which would cost the owner of a $250,000 house $40 annually for 10 years, may also allow the district to eliminate ambulance fees charged to residents.

Article Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.