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McLean County approves no‑interest loan to Hudson to fix tax‑assessment error
Summary
The finance committee voted to authorize a no‑interest intergovernmental loan just over $81,000 to the Village of Hudson to correct a county clerk assessment error; Treasurer Rebecca McNeil said any resulting arrearage will be collected under the Property Tax Code next year.
The McLean County Finance Committee on Wednesday approved an intergovernmental agreement to provide a no‑interest, temporary loan to the Village of Hudson to cover a shortfall caused by a property tax assessment error.
Village President Mark Cotte told the committee he came to thank members for considering the agreement, saying the payment ‘‘really does make a difference for us’’ and that the village board had already approved the measure locally. Administrator Taylor summarized the county plan as a no‑interest loan for ‘‘a little over $81,000’’ to correct the village's tax levy error.
The motion drew questions about how the added amounts would be handled for property owners in the next tax cycle. Treasurer Rebecca McNeil said collection must follow the Property Tax Code: the collector will send a certified letter and any arrearage would be collected in the following year over the standard two installments (half due in June and half in September). McNeil said certified mailing requirements and timing constrain the county's options for alternate payment plans.
Member Farley asked whether homeowners would face an unexpected burden; Taylor and McNeil said the certified-notice process exists to notify taxpayers so they can plan for the change. Taylor told the committee the county had consulted civil-division staff and expects the typical arrearage mechanics to apply.
Votes at a glance: the committee approved the intergovernmental agreement (motion carried), along with several other agenda items during the meeting, including the consent agenda, health‑department FTE adjustments, the county's PAFR and fiscal-year audit, and two emergency tort-fund appropriations.
The loan agreement approved by the committee authorizes county staff to execute the intergovernmental agreement and to proceed with administrative steps to issue the temporary financing to Hudson. The committee did not alter statutory collection procedures for affected taxpayers; Treasurer McNeil said the certified‑letter timeline gives affected property owners notice prior to collection next year.
The committee set no additional relief or payment-waiver program for taxpayers related to this loan; officials said they would consider options if the Property Tax Code allows but noted no statutory provision currently permits extending collection beyond the standard installments.
The finance committee approved the intergovernmental agreement on a voice vote; the motion carried.
