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Waukegan panel approves $400,000 supplemental appropriation to fund housing-rehab program using temporary revenue swap
Summary
The Finance & Purchasing Committee approved an ordinance to amend the 2025 budget and appropriate $400,000 to a housing rehabilitation program, temporarily replacing expected cannabis revenue with state income tax distributions.
The Waukegan Finance & Purchasing Committee on Aug. 18 approved an ordinance to amend the city’s annual budget and make a $400,000 supplemental appropriation to support a housing-rehabilitation program funded through the Community Development Block Grant (CDBG) framework.
Committee members said the city will use an equal increase in projected state income tax distribution in the current fiscal year and intend to replace that with cannabis-tax receipts next year when those revenues are available. Finance Director Juan explained, “In other words, the cannabis revenue will not generate an extra $400,000…
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