Finance Committee approves minutes and considers reimbursement for retirement benefits

The Illinois Tollway Finance & Audit Committee convened on February 20, 2025, to address key financial matters and approve previous meeting minutes. The meeting began with a public comment section, but no members of the public chose to speak.

The committee approved the minutes from two prior meetings held on November 21, 2024, and December 19, 2024, with no amendments requested. Both motions passed unanimously, reflecting a smooth start to the session.

Executive Director Kieranard then handed the floor to Chief Financial Officer Kathy Williams, who presented two significant items for consideration. The first item involved a request for reimbursement related to the state's cost of other post-employment benefits for tollway retirees. This reimbursement is mandated by the State Employees Group Insurance Act and covers various benefits, including medical and dental care.

The meeting highlighted the committee's ongoing commitment to financial accountability and compliance with state regulations. Further discussions on the second financial item were anticipated, indicating a proactive approach to managing the tollway's fiscal responsibilities.