$10 million in the Bank…Still Raising Taxes

The Park District raised its tax levy again for 2025 even though it has $10 million in the bank. Why not utilize some of this taxpayer money to cut costs? The Treasurer’s report shows $5.2 million in a money market account and the balance in short term liquid investments.

Yet, the Park District has $19 million in debt with interest payments of more than $650,000 due this year. Why are we not paying down more debt and saving on future interest payments owed, while we have so much cash at the bank?