Maple Park Bond Repayment Rate (April 2011)

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A Maple Park Bond Repayment Rate measure was on the April 5, 2011 ballot in the village of Maple Park which is in both DeKalb and Kane Counties.

This measure was approved in DeKalb County

  • YES 32 (53.33%)Approveda
  • NO 28 (46.67%)[1]

This measure was defeated in Kane County

  • YES 29 (28.28%)
  • NO 70 (69.70%)Defeatedd[2]

This measure sought to set the repayment rate for bonds in the village at a rate of $91,000 for 2011 and to have that rate increase by .5 percent in the following years.[3]

Text of measure

The question on the ballot:

Shall the debt service extension base under the Property Tax Extension Limitation Law for the Village of Maple Park, DeKalb and Kane Counties, Illinois, for payment of principal and interest on limited bonds be established at $91,100 for the 2011 levy year and all subsequent levy years, such debt service extension base to be increased each year by the lesser of 5% or the percentage increase in the consumer Price Index during the 12-month calendar year preceding the levy year?[4]