(WCSJ Stock Image)

The Coal City School Board heard an update on property tax negotiations with Exelon. The update was provided by Superintendent Kent Bugg who said the current agreement has expired.

Bugg is hoping the agreement with Exelon will last for the next five years.

In the last agreement, the Coal City School District was receiving around $15 million a year.

Other taxing bodies affected will be the Coal City Fire District, Joliet Junior College, Coal City Public Library, Gooselake Township Road District and Goose Lake Township. The board of education also heard an update about property tax objections with G.E. Hitachi, which Bugg said the board could action on at their meeting in February.