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McLean County treasurer warns revenue shortfalls; assessor confirms 'multiplier 1' for 2025 assessments
Summary
County Treasurer presented December and January financial reports showing lower year‑to‑date revenues and a likely budget shortfall; Supervisor of Assessments said the state-issued final multiplier is 1, allowing the county to proceed with tax extensions. Nursing home and PPRT receipts were singled out as items to watch.
McLean County Treasurer McNeil told the Finance Committee on Feb. 5 that preliminary December and January receipts show year‑to‑date revenue below last year and that the county is unlikely to meet current budget projections without accounting adjustments.
“Year to date, we had 15,964,000 compared to 17,967,000 a year ago,” Treasurer McNeil said while presenting both December and January reports, adding that many amounts remain preliminary because of year‑end accrual work. She said the county will continue accrual adjustments through March and into the audit period.
The report flagged the county’s shared sales tax and…
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