Libertyville Village Road Bond Measure (March 2012)

A Libertyville Village Road Bond Measure was on the March 20, 2012 ballot in the village of Libertyville which is in Lake County.

This measure was approved

• YES 2,649 (59.7%)a
• NO 1,788 (40.3%)

This measure sought to issue a bond in the amount of $20 million with an additional tax increase, in order to pay for road construction and repair projects in the village. Village officials noted that more than 70 percent of Libertyville roads are in need of repair but the lack of funds has not allowed for projects to go forward. Officials saw this bond as the best way to continue road repair projects and ensure that there are funds to maintain roads. Officials also stated that the increase in property taxes was expected to be 30 percent, but hoped voter education will allow residents to understand the increase.

Village officials have been attempting to inform residents about the bond and what would occur if the money is approved in the hopes that with more information the bond will pass. Town hall meetings are also planned to help inform voters.

Text of measure

The question on the ballot:

	SHALL BONDS IN THE AMOUNT OF $20,000,000 BE ISSUED BY THE VILLAGE OF LIBERTYVILLE, LAKE COUNTY, ILLINOIS FOR THE PURPOSE OF REPAIRING AND REHABILITATING PUBLIC ROADWAYS WITHIN THE VILLAGE, BEARING INTEREST AT THE RATE OF NOT TO EXCEED 9%