Today, the County’s General Corp fund has a balance of $35,000.  To put that in perspective, next week’s payroll will be about $750,000.  That doesn’t include paying the various bills that come up each week.  That measly fund balance is possible only because we’ve actually borrowed $3.3 million from other County funds.

In the good news/bad news category, the County sent out their property tax bills today.  So expect it in your mailbox tomorrow or Monday.  The revenue for the County General Corp fund from property taxes is about $6.8 million.   That will allow the County to essentially tread water for the next few months.

Champaign County is one of the few counties in the state to get their tax bills out on time.  It’s a combined and highly cooperative effort between township assessors, the Supervisor of Assessments, our office, the County Treasurer, and the County’s IT department that makes that happen.

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