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Tri-Creek reports $651,250 in 2025 investment income and warns SEA 1 could cut $2 million a year
Summary
Business office reported $651,250.29 in investment income for calendar year 2025 and described cash‑flow scenarios showing a possible $2 million annual property-tax revenue loss under Senate Enrolled Act 1, prompting discussion of timing for a possible referendum as a revenue replacement.
Dana Bogathe, executive director of business operations, presented the district’s 2025 investment results and fiscal indicators, and cautioned trustees about near-term revenue pressure from recent state tax changes.
Dana said the district earned $651,250.29 in investment income in calendar year 2025 and described an RFP that resulted in placing $6,000,000 in a 12‑month certificate of deposit at First Merchants Bank at 3.85% to lock in yield as…
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