The District 91 school board voted to abate $1,063,860 to the taxpayers of Forest Park by paying off long-term bond debt from construction projects early. Early payment will also save the district $33,000 in interest.
“The district will be debt-free by February,” said board President Frank Mott.
The funds were freed by zeroing out the tax levy for interest charges on bonds by paying them off. This means a million-dollar reduction spread district-wide. The district last year rebated $500,000 to taxpayers.
