In the latest push to solve its multimillion-dollar budget shortfall for 2026, Kane County is considering using earned interest to close the gap.
At a meeting on Wednesday, Kane County Board Finance Committee Vice Chair Bill Lenert noted the possibility that interest earned through the county Treasurer’s Office may be able to balance the budget, and provided an update about the county’s budgeting process.
Lenert said that he, the State’s Attorney’s Office and Treasurer’s Office think the county may be able to balance its budget using the earned interest rather than pulling money out of cash reserves, which the county has been doing since 2023.
This past year, for example, the county budgeted the use of roughly $27 million in reserve funds to pay for expenses in its general fund, acc