Monday, April 25, 2016

April Board Packet and Other Information

The April Board Packet/Agenda and Accounts Payable report have been posted.  Please let me know if you have any questions.

In other County News...

1) Illinois Department of Revenue Overpayment Error

As you may have seen in recent headlines, the Illinois Department of Revenue (IDOR) uncovered a "misallocation" that has resulted in the "overpayment" of an estimated $168 million to the taxing districts of Illinois that receive Personal Property Replacement Tax (PPRT) payments.  These payments began when local units of government lost the power to tax personal property (with sole authority given to the state and in other limited circumstances).

Based on IDOR records, Tazewell County was overpaid $169,984.07, and there are countless other units of government (including schools) within the County who face similar situations.  It will be interesting to see what payment plan IDOR requires.

2)   Electric Aggregation

I have heard from more than one constituent about a recent letter they received from Tazewell County/Homefield Energy.  This letter relates to the electric aggregation contract between the two entities, which begins in June 2016 and is guaranteed until June 2019.  Under this contract, unless a residential or small business property owner "opted out," eligible Ameren customer accounts will be automatically enrolled in a program where the County (and other units of government) negotiate the purchase price of electricity.  No matter what entity purchases/supplies the electricity, Ameren is still required to provide the related delivery and service to you.  However, if during this contract, Ameren's electrical supply rates fall lower than the price offered by Homefield, Tazewell County residents have the option of returning to Ameren for supply at no cost. Again, no interruption of service/delivery will occur.  

If you have more questions, feel free to contact me, or I also encourage you to visit Homefield Energy's website on electric aggregation.



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