No debt, NSSD tax rate dropping
By Ed Collins Special to The News-Sun February 18, 2013 5:24PM
Updated: April 20, 2013 2:30AM
GURNEE — The North Shore Sanitary District is now debt-free, according to Business Manager David Miller.
“Obviously, this is quite an accomplishment for a public entity,” he said.
Miller, who also serves as the district’s assistant treasurer, presented a letter to the NSSD Board from J. Geoff Andres, of the Illinois Environmental Protection Agency, that indicated with a recent final payment of $718,845 to the Illinois Water Revolving Fund for a $20.2 million loan initiated in 1991 to expand the Waukegan Sanitary Treatment Plant, the district’s obligation is now fulfilled.
“It’s been a long trip, but gratifying,” Miller said. “The district now has no bonds, loans or other long-term debt outstanding.”
He said that NSSD’s elected officials and personnel can be proud that user charges have not been increased since 1987, and in fact have been decreased by 20 percent in the late 1990s, and frozen since then.
Miller said the approximately $1.4 million the district has been levying in property tax over the years will now drop by 11 percent, saving district property taxpayers roughly $15 annually.
NSSD officials are eyeing the district’s centennial coming up April 8, 2014. April 8 of this year marks the beginning of the district’s 100th year, and trustees have deemed it appropriate to both celebrate past achievements and prepare for the future.
Suggestions from trustees and staff included changing the name of the North Shore Sanitary District to the North Shore Water Reclamation District; modernizing its agency mission statement; rebranding its logo, Web site and newsletter; and expanding its public/student tours of district facilities.