During the May McHenry County Finance and Audit Committee meeting, staff from the 708 Mental Health Board made some points I found interesting. They are quoted below:
“Ms. Keisman detailed that the Board had collaborated with Ms. Wisz months earlier to develop a forecasting tool to ensure that despite sales tax revenue being slightly less than property tax revenue, community services would not be reduced… [Emphasis added.]
“The dynamic spreadsheet, updated with changing figures, projected sales tax revenue increases at 3.5% annually, stable interest income, and steady other revenue streams. It showed the Board’s fund balance reserve gradually decreasing to the three-month minimum by 2031, with a possible slight revenue increase in 2032. Based on these projections, the Board did not anticipate meaningful increases in client services funding for at least five years unless sales tax revenues improved beyond current expectations.” [Emphasis added.]
