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THURSDAY

D e c e m b e r 17, 2 0 1 5 • 7 5 ¢

SERVING OSWEGO, MONTGOMERY AND BOULDER HILL FOR MORE THAN A HALF-CENTURY

KendallCountyNow.com

Here comes Santa Claus!

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D-308 could lower taxes School board backs bond restructuring By NATALIE STEVENS news@kendallcountynow.com

ABOVE: Santa Claus and an elf helper parade through Montgomery on Saturday morning on a fire truck. BELOW LEFT: Parents and children – with toys to be donated for the Toys for Tots program – wait for Santa to pass in the fire truck. BELOW RIGHT: Tom Meyers III (right) talks to Santa at the Montgomery and Countryside Fire Protection District station on South Railroad Street during a break in the department’s annual Santa Parade.

He makes early appearance courtesy of Montgomery Fire Department Photos by David Toney for Shaw Media Santa Claus, accompanied by one of his elves, paraded through Montgomery on Saturday morning atop a Montgomery and Countryside Fire Protection District fire truck. As the firetrucks’ lights flashed and sirens blared, Santa waved at children and adults who stepped outside their doors to enjoy the fire district’s annual Santa Parade. Along the way, the fire trucks stopped so Santa could personally greet many of the children. Santa and the firefighters also collected donations for the Toys for Tots program.

The School District 308 Board of Education unanimously decided to move forward with a plan for bond restructuring, which could provide homeowners with some property tax relief next year. PMA Securities, which has been working with the school district on its bond restructuring plans, presented options to the board Monday evening on what a bond and interest levy restructuring plan could look like and its impact on the community. Currently, the school district is in year three of a four-year $10 million bond restructure, which is keeping the bond and interest levy flat at $33.1 million. That restructure ends in levy year 2016, which will see it jump to $36.3 million and a high of $41.5 million in 2020. That could ultimately translate into a further increase in district property taxes. If the district wanted to lower that amount, it must choose a restructuring option by Feb. 1 and must then authorize the bond sale no later than Feb. 8. If restructuring is approved by those dates, residents could see some relief on their tax bills. Robert Lewis, the managing director for PMA Securities, explained that the plans presented

See DISTRICT 308, page 3

SPORTS

LOCAL NEWS

WHERE IT’S AT

Oswego East rallies

Possible new business

Wolves boys basketball team improves to 2-0 in conference with win over Romeoville / 16

Village official says ‘qualified prospect’ eyeing site of former Oswego Dominick’s store / 7

Forum............................................ 5-6 Local news.................................. 2-13 Opinion.............................................. 4 Police reports............................11-12 School news...................................13 Sports......................................... 14-16

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Vol. 57, No. 51 3 sections


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