Barrington Hills Financial Position, Debt Up over $3.5 Million in One Year, Unfunded Police Pension Liability of $6.3 Million
The Cook County Treasurer’s Office has put online all sorts of financial information that was previouisly virtually impossible to a taxpayer to find.
Let’s look at the Home Rule municipality of Barrington Hills as an example.
Let’s look at the overall budget and liabilities for starters.
Next, let’s examine property tax revenues for the last ten years. They almost doubled.
Finally, let’s take a look at pension liabilities. The fund for police is funded at 40% with a $6.3 million unfunded liability.