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Board urges Cook County to fix delayed property-tax billing after district cites cash-flow losses
Summary
Glenview CCSD 34 approved a resolution calling on Cook County officials to resolve systemic delays in issuing property tax bills and disbursements; district administrators said the delays forced tax anticipation borrowing and caused tens of thousands in issuance costs and hundreds of thousands in lost interest.
The Glenview CCSD 34 Board of Education passed a resolution urging the Cook County Treasurer and other county officials to address ongoing delays in issuing property tax bills and accompanying disbursement reports, a problem district administrators said has produced direct financial costs and reconciliation challenges.
Administration told the board that the county’s failure to issue bills and disbursement reports on time last year forced many taxing districts to issue tax anticipation warrants to bridge cash-flow gaps. "We spent approximately $66,256 just to issue the $4…
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