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Committee warns Cook County tax delays strain cash flow; staff proposes 6‑month treasury benchmark for investments
Summary
Committee members said recurring Cook County property-tax payment delays are disrupting District 200 cash flow and limiting investment opportunities. Finance staff proposed changing the monthly investment benchmark from a one-year treasury bill to a six-month T-bill and adding additional short-term benchmarks for context.
Members of District 200’s Community Finance Committee raised concern on Aug. 12 about repeated delays in Cook County property-tax distributions and discussed steps to manage short-term cash and investment benchmarking. Brian, a finance staff member, said the district is currently in a holding pattern for new investments while it waits for property taxes to arrive; the majority of investment purchases normally occur in August–September and around March, when property-tax receipts are largest. He recommended changing the…
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