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Dolton finance report shows multimillion-dollar shortfall; bridge loan used to cover delayed property-tax receipts
Summary
Officials reported a significant year-over-year revenue shortfall tied to a delayed property tax installment, a one-time prior-year TIF reimbursement, and a general fund deficit the presenter read as $4,807,440.01; staff said they applied for a tax-anticipated bridge loan to maintain operations.
Village finance staff reviewed the fiscal position for the period ending (as read in the transcript) “11/31/2025” and reported several revenue changes, a delayed property tax installment and an interim bridge loan to cover cashflow needs.
Unidentified Speaker 1 said state revenues rose by $185,000, income tax receipts were up $111,000 and home-rule sales tax increased by $130,000, while a…
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