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Referendum could lower property tax in McLean County – WJBC (Bloomington)

Summary by WirePoints Illinois Financial News

Both Unit 5 and District 87 said in a joint news release that if the proposed County Schools Facility Tax was passed, a third of the revenue from the new 1 percent sales tax will be put towards reducing property taxes in the districts for at least five years. The financial services firm Stifel said about 35 percent of the tax revenue is expected to come from people visiting the county.

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WirePoints Illinois Financial News

Referendum could lower property tax in McLean County – WJBC (Bloomington)

Both Unit 5 and District 87 said in a joint news release that if the proposed County Schools Facility Tax was passed, a third of the revenue from the new 1 percent sales tax will be put towards reducing property taxes in the districts for at least five years. The financial services firm Stifel said about 35 percent of the tax revenue is expected to come from people visiting the county.

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WirePoints Illinois Financial News broke the news in 11 hours ago on Sunday, February 23, 2025.

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