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Board warned Cook County’s tax‑system delays could cost District 62 up to ~$1M
Summary
District finance staff told the board that a Cook County tech rollout has delayed tax distributions; staff estimated lost interest and liquidation costs could grow toward $1 million if collections are not released before February 2026.
District 62 finance staff reported on Dec. 15 that payments from the Cook County treasurer tied to the second installment tax bills (mailed Nov. 15) had not been received as of the meeting and that county processing delays could push disbursements into February.
Staff outlined four ways the delay can cost taxing bodies: lost interest income on dollars that would…
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