
By HOI ABC
BLOOMINGTON – McLean County government’s budget is likely to take a multi-million dollar hit because much of the COVID-19 pandemic, the county administrator reported Wednesday.
According to our news partner HOI ABC, Camille Rodriguez told the county board’s finance committee Wednesday night she expects a 20 to 35 percent drop this year in the general fund. That translates into a reduction of between $2.6 million to $6.9 million out of a budget of $104 million.
According to Rodriguez, sales tax revenue will fall 50 percent, or $550,000, assuming the governor’s stay-at-home directive lasts two months.
Very low interest rates are also expected to negatively impact the county government’s finances as investment income is estimated to cost the government $150,00 to $200,000, Rodriguez said.
She estimated the county will see a 25-50 percent drop in revenue generated from court fees due to the partial closure of the court system.
The county is gaining no revenue from video gaming, costing the county about $10,000, according to Rodriguez.
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