I have written before how the McHenry County Board is accumulating tens of millions of dollars more than can be justified.
Today, a friend of McHenry County Blog has prepared a chart that show how the County Board has systematically increased the case on hand since 2006 for no identifiable purpose.
It appears the County Board taxed property another $5 million a year just because state law says the members can get the extra $5 million anyway. At the end of fiscal 2013–which was November 30, 2013–
the County Board was sitting on more than $35 million, more than they spend in three years.
I wonder how much more they squirreled away in the fiscal year that ended Novmembrer 30, 2014.
Below is the income and expenditures for 2013:
So, the nursing home costs $10 million a year and takes in $10 million a year, but taxes an extra $5 million anyway.
This is not conservative budgeting.
In fact, it reminds me of what I saw in 1967 and 1968 during my first years as McHenry County Treasurer.
I went to the fall 1967 Finance Committee meeting at which the budget was being considered.
The budget presented by County Auditor Harley Mackeben, the immediate past Chairman of the McHenry County Board who beat my father in the GOP primary in 1964, showed no beginning balance as of the state of the fiscal year on December 1st.
I suggested that it appeared to me we would have at least $8 million in the bank, but I was ignored. (Prior to taking office, I had worked at the United States Bureau of the Budget as a Civil Service Budget Examiner. It is now called the Office of Management and Budget.)
By underestimating the amount of money that would be on hand, the County Board was able to bring in more tax money.
When December 1st came, I found my estimate was wrong.
There wasn’t $8 million in the bank; there was $12 million.
The County Board was squirreling away money to build a new courthouse.
One might have thought (hoped) things might have changed in 55 years, but they apparently have not.
Taxpayers should ask their County Board members how they are planning to spend the extra $30-$40 million.
Sure a couple of million may be needed for cash flow purposes, but the amount accumulated is clearly excessive.