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Finance staff outlines revenue projections, cautions on levy and use-tax shifts after new state law
Summary
Finance staff told the LaSalle County finance committee that general fund revenue projections require caution as the tax levy remains to be set and a new Illinois law has shifted some use-tax allocations to sales-tax collections.
LaSalle County finance staff reviewed general fund revenue projections and asked the finance committee to weigh conservative options for the tax levy and revenue estimates.
Staff explained that the county's tax levy number remains to be set and that it may be appropriate to be conservative given collection history. The treasurer and staff's figures were discussed while members noted a roughly $1 million difference in prior-year collections compared with levy figures used in the…
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