Illinois County to Issue $7M in Bonds for School Upgrades

Dow Jones11-19

By Paulo Trevisani

Will County, Ill., plans to issue $7.24 million in bonds to finance upgrades in school buildings.

The General Obligation School Bonds, Series 2025, will fund fire prevention and life safety improvements in the School District Number 122, according to preliminary statement published Monday on MuniOs.

Gross income from the bonds is exempt from federal income tax, but not from Illinois state taxes.

Interest rates and yields are yet to be set. The bonds will mature between 2026 and 2035.

The bonds are payable from any funds of the District legally available for such purpose, including property taxes.

In the 2024-2025 collection year, taxes collected and distributed amounted to $68.77 million, according to the statement.

Moody's has assigned a Aa2 rating to the bonds.

Raymond James is underwriter.

Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires

November 18, 2025 14:54 ET (19:54 GMT)

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