January 7, 2015

County taxes

By Cheryl McCormack

McLean County Auditor Les Korgel briefed the county's board of commissioners on several financial items of historic value at their Tuesday morning meeting.

In 1982, the total amount of tax dollars levied was 3.9 million; that number jumped to 10.5 million in 2014.

Korgel also shared that Farm-to-Market Road Funds increased from about $175,000 (1982) to $636,000 (2014). "That's a darn good share of what our increase has been over the years," he said.

When looking at the General Fund income comparison from the past two decades, he noted last year's interest earnings were around $18,000. In 1985, that number was about $381,000. "What people don't understand is that drop had to be made up for by a rise in property taxes."

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