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Stephenson County reports strong year‑end tax collections and $11.7 million in investments
Summary
A county official told the Administration & Legal Affairs Committee the county closed tax‑year 2024 with near‑perfect collection rates, roughly $11.7 million in investments and recent bond purchases to lock in yields ahead of expected rate cuts.
A county official reported to the Stephenson County Administration & Legal Affairs Committee on Wednesday that the county’s November financials show robust year‑end tax collections and a sizable investment portfolio. Speaker 1 told the panel 12 investments matured in November and the county held about $11,700,000 in investments at month end, with recent purchases of roughly $2.9 million at a quoted 3.6% yield.
“These year‑end…
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