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Thursday, December 10, 2015

Schedule for Release of Illinois Municipal Funds

In a bit of good news for Illinois municipalities and some other government bodies, Senate Bill 2039, which was enacted Monday of this week as P.A. 99-0491, provides appropriation authority for motor fuel tax (MFT) revenue, use tax revenue, casino and video gaming revenues, as well as 9-1-1 funding.

According to the Illinois Municipal League, these funds will be released to government entities within 1-2 business days of receipt of a clean payment voucher from the appropriate state agency. It is anticipated funds will be released to the following time schedule: 
  • Payment vouchers for use tax, video gaming fees and casino fees have or will be submitted by the Department of Revenue to the Comptroller by December 11.
  • Payment vouchers for 9-1-1 fees are handled through the Illinois Commerce Commission (ICC) and the Governor's Office of Management and Budget.  These payment vouchers will be submitted to the Comptroller by no later than December 18.
  • Payment vouchers for MFT funds are handled through the Department of Transportation (IDOT).  July-collection vouchers have been submitted to the Comptroller as of December 8, and August-collection vouchers will be submitted by December 14.  Subsequent months' payment vouchers are being processed for submission as quickly as possible, with the likelihood of a few days in between each collection month for the necessary paperwork.
Post Authored by Steve Mahrt, Ancel Glink


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