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Finance committee weighs levy options, cash reserves and nursing-home audit timing
Summary
Stephenson County finance staff presented levy scenarios (0–5 percent), cash carryforward plans and a pending nursing-center audit that could affect state and federal funding; committee members discussed reserves and possible multiyear tax advances.
Stephenson County finance staff presented potential property-tax levy scenarios and the county’s proposed fiscal‑'26 budget assumptions to the finance committee on Oct. 10 and discussed a partly outstanding nursing-center audit that state and federal funders could require to be cleared.
Adrian (Finance Director) explained that, because Stephenson County is subject to the Property Tax Extension Limitation Law (PTELL), the county can request levy increases up to 5 percent without a truth-in-taxation hearing. Staff presented budget scenarios showing the current draft does not include the additional 5…
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