Moody’s Investors Service assigned a Aaa stable rating to the Village’s upcoming General Obligation Refunding Bonds on October 2. The Village Board will vote October 19 to refund the 2010 General Obligation Bonds at a lower interest rate. The refunding is expected to save a total of approximately $750,000 over the next 10 years. No new debt is included in the refunding issue and the proposed 2021 property tax levy is flat.
Moody's Press Release
