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Finance director warns of federal grant uncertainty for Saunders Road project; village reviewing past Deerfield tax-sharing payments
Summary
Riverwoods' finance director told trustees the village is monitoring federal grant freezes that could affect surface-transportation funds for the Saunders Road project and reported the village may owe back payments under a 2016 tax-share agreement with Deerfield for a car wash on Saunders Road.
The village finance director reported to the Board of Trustees that the village is monitoring possible impacts from federal-level grant freezes on funding for the Saunders Road surface-transportation project and that staff are checking whether those funds are already held at a local level by the Council of Mayors.
The director said the Saunders Road funding is part of a federally funded surface transportation program that is locally managed by the Council of Mayors; staff have asked GHA to confirm whether the anticipated funds…
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