Sentences with phrase «district in a financial bind»
Overall, the park district «s budget is about $ 100,000 higher than last year, but Woods said recent state laws limiting the growth of property - tax revenues and the issuance of bonds without voter approval may put the district in a financial bind next year.
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But the Park District, which counted on gaining voter support to finance a recreation center at the Commons, has found itself in a financial bind since the proposal was rejected in an April referendum.