Libertyville gets OK to issue $20 million in road bonds

 
 
Posted3/20/2012 8:49 PM

Streets in Libertyville will be getting an extensive makeover after voters approved issuing $20 million in bonds for road repairs.

Unofficial totals with all 17 precincts reporting showed voters by a 2,121 to 1,428 tally agreed to increase property taxes to pay for the bonds to be issued over the next four years. The owner of a $300,000 home will pay an extra $34 per year initially, rising to a total of $136 per year in additional property taxes to fund the work.

 

Village officials say they will use the proceeds to repair and resurface 30 miles -- or about one third -- of village streets over the next several years beginning in 2013.

The village normally spends about $1 million per year on roads but has fallen behind.

0 Comments
                                                                                                                                                                                                                       
 
Article Comments
Attention: We are experiencing technical difficulties with our Facebook Comments module at this time. Comments will remain disabled until we are able to resolve the problem. We apologize for the interruption. We invite you to engage with our content and talk with other commenters on our Daily Herald Facebook page at https://www.facebook.com/DailyHeraldFans/. Thank you.