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D135 Pays Off about $5 Million in Debt (Live Blog Replay)

Join us at 7 p.m. for real time updates from Monday night's Orland School District 135 Board of Education meeting.

Update

The Orland School District 135 Board of Education voted unanimously Monday night to spend about $5 million in reserves to lessen the district's overall debt.

The money paid off three series of bonds the district had issued in past years. With the total amount to be abated from taxes, homeowners in Orland Park and Orland Hills with a $350,000 home would save about $245 a year on their property taxes from the portion that goes to D135.

The board also unanimously approved the 2013 tax levies, which stay at the 2012 rate of 3 percent.

Original Post


Orland School District 135 board members will take their last vote on the next tax levy Monday night.

In November, the board gave the initial go ahead to keep the levy at 3 percent, the same as 2012.

Learn more about D135's next budget.

Download the meeting agenda off D135's website.

Orland Park Patch’s live blog through Cover It Live will provide minute-by-minute updates from the meeting on this page starting at 7 p.m. Look in the Cover It Live window above, and you’ll see an area where you can join in and offer your comments and questions. The same rules apply as on finished articles on the site. 

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