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Finance committee shifts levy capacity: IMRF trimmed, insurance raised; VAC and auditor line changes approved
Summary
Committee agreed to lower the IMRF levy and shift some levy capacity to the insurance fund to cover bond and insurance trust needs, set the VAC legal services line lower and reduce an auditor payroll addition. The draft budget and levy were forwarded to the full county board for consideration.
The LaSalle County Finance Committee on Oct. 29 made several cross‑cutting levy and budget adjustments, directing staff to move levy capacity between funds and reduce several line items before forwarding the draft budget to the full county board.
IMRF and insurance: committee members debated using levy capacity held in the IMRF (pension) fund to strengthen the insurance fund in advance of bond and insurance trust obligations. The committee agreed to reduce the IMRF levy by $1,000,000 (to about $1.5 million)…
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