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Kankakee budget committee hears financial report; ARPA balance under $2M, $300,000 IDNR reimbursement noted
Summary
Comptroller Rogers told the City of Kankakee Budget Committee on Nov. 10 that tax-levy collections stand at about 96% after the fourth payment and that the city has under $2 million remaining in ARPA funds with a federal spend deadline next year.
Comptroller Rogers told the City of Kankakee Budget Committee on Nov. 10 that the city’s revenues are in good shape after the fourth tax-levy payment and that officials are managing ARPA and grant reimbursements as deadlines loom.
Rogers said the city has received its fourth tax-levy payment and is "sitting at, like, 96% of the tax levy collections," with one smaller payment expected in December that should bring the year-to-date total closer to the target. She flagged one local-use-tax line that appears unusually high and said she will investigate whether an item posted to the account in error.
The comptroller reported a $300,000 payment tied to an Illinois Department of Natural Resources reimbursement for the East Riverwalk project, describing that amount as 50% of the IDNR grant and saying the other half will come after the city…
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