In re Walgenbach

Defendants, tax objectors, appealed from the judgment of the circuit court of McHenry County denying their objections to taxes levied for two school districts for the year 1979. The appellate court reversed (117 Ill. App. 3d 14), and we allowed plaintiff’s petition for leave to appeal (87 Ill. 2d R. 315).

A stipulation contained in the record shows that on December 1, 1978, School District No. 200, McHenry County, issued $1,650,000 in bonds for working-cash-fund purposes and provided for an annual tax levy for funds to make payment of the principal and interest. It was also stipulated that on…