LaSalle News Tribune | LaSalle, IL
Due to weather related issues, in some areas there may be delayed deliveries of your Monday issue of the NewsTribune.
If road conditions are severe enough, your delivery person may not be able to deliver your NewsTribune at all on Monday.
In this case, your Monday edition will be delivered with your Tuesday newspaper.
We ask you to be understanding for the safety of our carriers.

You can view Tuesday's newspaper online at

home : news : north central illinois   May 24, 2016

4/2/2013 6:42:00 AM
Low interest rates mean big savings for city of Princeton

Lee Strubinger
Princeton Bureau Chief

PRINCETON— The Princeton City Council was presented with positive bond refinancing results started almost a year ago. The city refinanced four outstanding bonds almost a year ago with Bernardi and Associates.

John Vezzetti, assistant vice president for Bernardi Securities Inc., addressed the council to announce the city will save about $870,000 in interest as a result of refinancing.

Vezzetti said the city will have the opportunity to refinance more bonds at the beginning of next year. If interest rates hold to the same levels as they are now, the city could be looking to save an additional $400,000-$500,000, he added.

* In other council news, Mayor Keith Cain read a proclamation to declare Princeton aChildAbusePreventionCity. April is Child Abuse Prevention Month.

* On behalf of the Youth Services Bureau of Illinois Valley, Steve Bouslog presented Cain with a blue ribbon for his support and advocacy for children, Bouslog said.

* The council passed the second and final reading of the city’s budget.

* The council appointed Jan Bonucci to the Planning Commission and Zoning Board of Appeals in replacement of Katie Chambers. Bonucci’s term expires April 30, 2016.

* Cain reminded everyone to get out and vote on Tuesday, April 9.

Login to your account:
Remember me
Login reminder
  If you'd like to comment on this article, please log in or click here to subscribe.


Subscription Login

Girls Softball: Upset ends L-P's season
Updated: 5/24/2016 10:19:00 AM
LaChance: Mark my words, state track and field is an unforgettable experience
Updated: 5/24/2016 10:15:00 AM
That's all, yolks
'This is what we do. This is what we train for'
Mayor's tax bill to jump 9% if L-P passes referendum
Spring Valley voters to decide on sales tax increase

Illinois Valley Events
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31        

Photo GalleryVideo LibraryMagazinesDealsAbout UsAP Terms of UseAdvertise With UsExtra Content

Copyright 2016 NewsTribune, LaSalle, Illinois. All rights reserved.

Software © 1998-2016 1up! Software, All Rights Reserved