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Committee reviews February finance report and records several procedural votes
Summary
Finance staff reported February figures, noting the first month of new 2025 sales-tax remittances under a state change implementing post-Wayfair collection rules; the committee approved minutes and procedural items and voted to destroy older executive-session audio per the State's Attorney’s recommendation.
Peoria County finance staff presented the February financial report to the Finance, Audit and Legislative Affairs Committee and highlighted that February was the first month of new 2025 sales-tax remittances under recent state changes to sales- and use-tax collection.
Julie, a finance staff member, told the committee that on an annualized basis the county would expect to be at 16.7% of the year by the end of February; for all funds combined the packet showed 13.1% of budgeted revenues and 12.2% of…
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