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Archive for November 12th, 2014

Peru school finance committee talks about issuing bonds

Posted by wlpo on November 12, 2014

The Peru Elementary School Board is making plans to borrow money for the possible demolition of Washington School.

The district’s finance committee met Tuesday night and talked about issuing up to $900,000 in bonds to pay off the Northview School expansion project and the potential removal of Washington Elementary. Bids for the Northview expansion came in higher than expected and a state grant won’t cover the entire construction cost so the board is looking at borrowing money to pay the remaining bills.

Superintendent Mark Cross says they’ll probably make a decision on how much money to borrow in February or March. He thinks they’ll be able to add to their debt without passing the cost to taxpayers because the new bond would come after they pay off other debt.

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OSF Healthcare Systems closer to taking over Mendota hospital

Posted by wlpo on November 12, 2014

Mendota Community Hospital is another step closer to being sold to OSF Healthcare System.  Hospital officials announced Wednesday that the Illinois Health Facilities and Services Review Board approved the Certificate of Exemption for the sale.

The hospitals announced in May that the process of merging had begun. An affiliation agreement was signed in October. MCH officials want to have the process completed next spring.

 

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Streator Police track down murderer who they say failed to give his whereabouts

Posted by wlpo on November 12, 2014

A convicted murderer from Streator is back behind bars.

Last month, Streator Police asked for the public’s help in finding 79-year-old Richard Hellerman who allegedly didn’t give police his new address after being released from prison for murdering his wife. Hellerman was found last week in Streator and arrested for failing to register his information with police.

He’s at the La Salle County Jail and being held on $20,000 bond. Hellerman is due back in court Thursday.

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Decreasing property values has Peru Elementary prepared for less tax dollars

Posted by wlpo on November 12, 2014

If you live in the Peru Elementary School District, your tax rate is going up.

The school board’s finance committee is suggesting next year’s tax rate be $3.15 per $100 assessed valuation of a home. That’s an increase of a little over a cent from this year’s property tax rate. The full school board will approve the tax levy next month.

Despite the higher rate, the district projects less property tax revenue due to a drop in property values. That means even though your tax rate is going up, you’ll probably end up paying less in taxes because your home’s value went down.

Property values within the Peru Elementary School District have dropped 14 percent in the last five years.

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