Community Corner
Laughing behind your back
Lisle Park District has pulled the wool over the eyes of its taxpayers. It has borrowed money (issued new general obligation bonds) repayable with interest and then went and used our tax money to buy back the bonds.
Essentially borrowing our own money and paying ourselves back with interest. This new debt will show up on your next tax bill as a "debt levy" ... there is no abatement of this new tax on the park board meeting agenda for TH March 20.
Investors are all talking about how "stupid" this is and the guys collecting the bond issue fees and bond counsel fee are laughing out loud all the way to the bank!!
The park district staff? They just love it! They pulled a tax increase on everyone and got the board to bless it.Time for a raise!!