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Worth Park District Debt Repayment Increase Question (March 2012)

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A Worth Park District Debt Repayment Increase Question was on the March 20, 2012 ballot in the Worth park district area which is in Cook County.

This measure was defeated

  • YES 367 (27.99%)
  • NO 944 (72.01%)Defeatedd[1]

This measure sought to increase the current district bond repayments by a rate of 5 percent for the remainder of the bond's repayment period.[2]

Text of measure

The question on the ballot:

Shall the debt service extension base under the Property Tax Extension Limitation Law for the Worth Park District, Cook County, Illinois, for payment of principal and interest on limited bonds be increased from $48,311.61 to $130,000.00 for the 2012 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?[3]

References

  1. Cook County Clerk, March Election Results
  2. Cook County Elections, March referendum List
  3. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.