Chicago Suburban Library Pays Debt Late After Delayed Taxes Land

A small public library district in the southern suburbs of Chicago said it has made a missed bond payment after receiving delayed property taxes.

The Glenwood-Lynwood Public Library District filed an updated disclosure on Tuesday, after saying in a filing a day earlier that it had failed to make a scheduled payment for bonds sold in 2014 due on Dec. 1 because of “delays in the distribution of property tax receipts held by Cook County, Illinois.”

The library district received a total of about $680,000 via two distributions on Monday and Tuesday, according to a statement from the Cook County ...