To the Editor:
As one of seven board members serving on the Crystal Lake Park District board, I have the unique perspective of seeing firsthand what is happening throughout the Park District. At our meeting March 14 to review the proposed fiscal 2020 budget, several questions pertaining to bonding authority and issuance of future bonds were to be raised. The district's financial advisers were in attendance to review those issues with the board. Speer Financial is the No. 1 municipal adviser in Illinois based on volume of sales, and it brings many years of experience in the financial markets. Speer presented a very thorough and clear presentation.
Two candidates running for election this spring were in attendance. They were sitting commissioners Debbie Gallagher and Cathy Cagle. Other candidates, running as first-time candidates, were invited, by mail, to attend this very informative meeting, as it would be beneficial to them, if elected, to better understand both the budget process and the issuance of bonds.
It would aid them to understand this in order to hit the ground running. Unfortunately, the challengers were unable to attend the meeting and missed out on something they would have found beneficial. At the time, I wondered if the meeting would have been attended if it were anything to do with lake issues, only to find that three of those four were on vacation in Florida.
They also serve in the Shoreline Property Owners Association. If any of the candidates had questions regarding bond issues and sizing, this would have been their best opportunity to get information straight from the horse's mouth. Too much misinformation regarding bonds is being disseminated to the public.
It should end. The Park District is trying hard to do right by the lake and its shoreline property owners. However, those property owners must understand that the Park District's board represents all of its 55,000 residents.
Larry R. Wheeler