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Glencoe treasurer: property‑tax timing leaves general fund short without pending county disbursement
Summary
The village treasurer told the board that a delayed county disbursement leaves the general fund roughly $2.4 million in deficit absent that payment; reserves remain at $11.5 million (42%) and staff expect more county disbursements in April.
The village treasurer presented the February financial report and warned that timing of county property‑tax disbursements leaves the general fund in a materially weakened position if the large January payment is not applied to fiscal 2025. "Without those, we...we're at a deficit of 2.4 million," the treasurer said, adding that staff and auditors are following up with county reporting to determine…
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