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Treasurer reports March receipts down from 2024, details interest gains and nursing-home finances
Summary
County Treasurer Rebecca McNeil told the Finance Committee that March receipts and year‑to‑date receipts are lower than 2024, interest income improved versus prior low-rate years, and nursing‑home operations show revenue exceeding expenses year to date though operating cash was negative.
County Treasurer Rebecca McNeil told the Finance Committee on April 9 that March 2025 receipts totaled $1,355,000, a decline of $223,000 compared with March 2024, and that the county’s year‑to‑date receipts for the first three months were $4,137,000 compared with $4,608,000 for the same period in 2024.
McNeil said property‑tax‑related distributions known as PPRT were the area showing the largest decrease and noted that the Illinois Department of Revenue had previously communicated they did not expect distributions as high as in prior years. She said the county is about $162,000 under the current budget at the time of the report and will continue close monitoring.
McNeil…
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