Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget And Finance topic
No spam. Unsubscribe anytime.
Delayed Cook County tax bills squeeze La Grange Park revenues, finance report shows
Summary
Trustee Wagner reported general fund revenues lagged expectations after Cook County delayed property‑tax bill issuance; the village received initial distributions in late December and mid‑January, reducing cash reserves and shifting revenue timing for the fiscal year.
Trustee Wagner presented the village's fiscal report through December 2025, covering 67% of fiscal year 2026. He said general fund revenue stood at $5,000,007.67 (about 47.3% of budget) and called out a significant timing effect from Cook County's delayed issuance of property‑tax bills.
"The decrease is primarily due to the delay with Cook County issuing the property tax bills," Wagner said, explaining that the county issued the second installment bills in mid‑November with a Dec. 15 due date rather than the typical July/August schedule; technology issues at the county delayed distributions further. Trustee Wagner said the village received initial distributions in late December and additional distributions in mid‑January, and that general fund cash reserves were lower because of the delay and a prior-year transfer to support the central area sewer separation project.
Wagner also reported that other local taxes were slightly higher than last year, intergovernmental receipts rose modestly, and overall expenditures remained within expectations. He said the village would continue to monitor receipts and adjust budgeting for the remainder of the fiscal year.
