For taxing bodies, no limit on reserve funds
For many years, the McHenry Township Fire Protection District has saved its money for some potential capital projects, including an expansion of its headquarters.
There is a $17 million reserve, which includes $7.9 million set aside for future building projects. The annual operating budget for the district is $7.5 million.
After the reserves had reached more than twice the operating budget, the fire protection district decided to lower its property-tax levy request for the second consecutive year.
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