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Stephenson County committee authorizes $225,000 tax advance for nursing facility, delegates prioritized vendor payments
Summary
The finance committee approved a resolution to capture $225,000 from the nursing-facility real estate tax levy, and voted to prioritize vendor settlements—delegating the administrator, finance director and treasurer authority to execute payments while retaining $34,004.40 for a CMS civil money penalty.
The Stephenson County Finance Committee on Jan. 26 approved a resolution authorizing a multiyear property-tax advance to the county nursing facility and set a prioritized plan to pay outstanding vendor claims.
The committee voted to capture up to $225,000 from the nursing-facility real estate tax levy (presented as $75,000 per year over three years) to pay vendors and relieve accrued balances. Finance Director Adam said state practice limits external tax-anticipation loans to 85%, but "since this loan is internal, we can go for the full 100%," and the…
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