Bensenville Fact Check
Just because you read it on somebody’s blog or in an email from a friend or relative doesn’t mean it’s true. On this page, we feature a list of the false or misleading rumors we’re asked about most often, and a brief summary of the facts. As always, feel free to contact us anytime for questions or concerns by calling Village Hall or using the Action Hotline on our website.
Facts versus Rumors: Eliminating Misconceptions
- RUMOR: The village debt is $130 million?
FACT: Total Village Debt as of 12/31/2015 is $109,819,299. This consists of Governmental Type Debt of $79,955,951 + Business Type Debt of $29,863,348. Out of the total debt of $109,819,299, $87,116,454 is General Obligation/Alternative Revenue Bonds, Debt Certificates and IEPA Loan. Rest of the amount pertains to Net Pension Liabilities and other miscellaneous items. Please see page 47 of the Village’s 2015 Comprehensive Annual Financial Report for this information. The Village’s Comprehensive Annual Financial Report was independently audited by the Accounting firm of Lauterbach and Amen, LLP. Click here to view
- RUMOR: The new police station cost 22 million dollars and took away from other services in town.
FACT: The Village of Bensenville Police Station was budgeted at $16,000,000. The final cost of the project totaled $15.8 million. The Village issued bonds to pay for all costs associated with the police station. A large portion of those bonds, $6,815,000 were Qualified Energy Conservation Bonds which is a Federal funding program in which the Federal government rebates 70% of the interest paid on these bonds lowering our net interest rate to 1.5% on these bonds. No village services were cut to fund the new police station. These bonds are paid from alternative revenue sources, not property taxes.
- RUMOR: The Village is forcing unincorporated White Pines to annex into the city.
FACT: The Village initially offered unincorporated residents an opportunity to annex on a voluntary basis to receive Village assistance on the water system replacement. Many unincorporated residents objected to this opportunity. The current replacement proposal does not include or advocate annexation.
- RUMOR: The Village of Bensenville has been mismanaging white pines funds
FACT: Click Here for a full accounting of the unincorporated utility fund dating back to its implementation in 1987.