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Committee to revisit proposal to transfer half of estimated general fund surplus to Long Term Care Services Fund
Summary
Heather, a county staffer, presented options tied to a December 2023 policy that would transfer 50% of a general fund surplus to the Long Term Care Services Fund; the committee agreed to place the item on the April agenda for further discussion.
Heather, a Peoria County staff member, told the Legislative Affairs Committee the Long Term Care Services Fund balance was about $3,000,000 with interest recorded through November of $47,000. She said a policy adopted in December 2023 would direct the board to transfer 50% of any general fund surplus to the long-term care fund.
Under those assumption…
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