A press release from District 6 McHenry County Board candidate Kelly Liebmann:
Kelly Liebmann expands forum answer on Valley High $41 million surplus
District 6 County Board Candidate Recommends Option to Fund $500,000 Valley High Yearly Operating Cost Shortfall Through T-Bill Interest on $41 Million Reserve Fund
Crystal Lake, Illinois – Republican Candidate for McHenry County Board, Kelly Liebmann, addressed voters January 26th at McHenry County College during a candidate’s forum hosted by the League of Women Voters.
Limited to sixty second answers, Liebmann briefly explained her understanding of the financials at Valley High and her answer about cutting the levy.
“I’m for cutting the levy,” Liebmann stated.
“Back in 2002 when voters passed the referendum for Valley High—that was 14 years ago; we have a lot of new [different] homeowners in the county.”
The fiscally responsible conservative was prompted to expand her forum answer after Liebmann promoted her ability to develop uncommon solutions to county issues during her opening statement.
“The $41 million in Valley High reserves, if invested today into long term T-Bills, would gain approximately 2% interest revenue.
“Over the course of one year, interest accrued would be in excess of $800,000” Liebmann calculated.
“Even at current low rates, Valley High’s yearly shortfall could be funded through interest earnings alone.”
Liebmann was prompted to examine Valley High’s financial situation when two board members from District 6
- Mary McCann and
- Larry Smith
voted against lowering the Valley Hi tax levy in committee last October.
“This solution would solve the long-term funding dilemma some county board members have asserted as the reasoning for not cutting the Valley High levy entirely.
“Current county board members should thoughtfully discuss this funding option which, to me, is a reasonable transition to being smart stewards of taxpayer funds at Valley High,” Liebmann concluded.
Liebmann is a 13-year resident of District 6, having lived in both Harvard and unincorporated Wonder Lake. A former member and current volunteer for 4-H, Kelly has been employed in administration and management for over 20 years and currently works as an Operations & Logistics Manager for a mobile marketing and concert touring transportation company.
The McHenry County Board 6th District consists of all of Alden, Chemung, Coral, Dunham, Greenwood, Hartland, Hebron, Marengo, Riley, and Seneca Townships and a portion of Grafton Township. Persons wishing to volunteer or donate should go to: www.voteforkelly.com for more information.
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McHenry County Blog’s article on the County Board candidate’s answers to the Valley Hi surplus question can be found here.