Coles County can’t fix debt by upping assessed value, group argues
MATTOON - Raising the equalized assessed value (EAV) can't dig a county out of millions of dollars in debt, according to a recent argument made by the Edgar County Watchdogs on their Illinois Leaks website. The watchdog group had reported on the Federal lawsuit between the City of Mattoon and Coles County over property assessments for the 2016 tax year. The city is currently $103 million in debt and operating with fiscal deficit of $720,000. Mattoon CUSD #2 is also […]
