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Peoria County officials seek $300,000 interim transfer to cover landfill committee cash shortfall
Summary
County staff requested a special joint committee meeting to approve a $300,000 budget amendment to the Solid Waste Management Fund to prevent the city-county landfill committee from going cash negative while a GFL payment agreement is finalized.
Peoria County Administrator Sorrell asked the Peoria County Board to schedule a special joint committee meeting to approve a $300,000 budget amendment to the Solid Waste Management Fund to temporarily cover the cash needs of the city–county landfill committee.
Sorrell told board members the term sheet for the Landfill 3 agreement with GFL has not been executed, so expected initial payments from GFL have not been received. As a result, the landfill committee’s cash reserves have been declining and are estimated to be exhausted in mid–late February to…
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