January 3, 2013

Mr. Scott Tingley
Superintendent of Schools
Lincoln-Way Community High School District 210
1801 East Lincoln Highway
New Lenox, IL 60451-3801

Dear Scott,

I am writing to congratulate you on your recent appointment as the new Superintendent of Schools for the Lincoln-Way Community High School District and to provide you with an overview of my office.

As you are aware, the Treasurer’s Office collects the property tax levy on behalf of the school district. We distribute funds every fourteen days beginning in May and conclude with a distribution after the annual Tax Sale each December. We are the only Illinois county to distribute so frequently.

My office has collected and distributed 99.27% of the $1.62-billion levy as of December 18, 2012. The uncollected balances, which are in line with historical results, include items such as tax exempt refunds, tax appeals, and commercial and industrial abatement.

I am certain that a key concern as a new Superintendent is property tax distribution before the end of the school district’s fiscal year. It is our priority to distribute as much of the levy as possible before June 30th so all of Will County’s school districts can set budgets, seek grants, and develop long-term strategic plans for future years. For your benefit, I have included our tentative distribution schedule for the 2012 Property Tax Levy. We want schools to have healthy cash flows and end the year on a high note.

Since becoming County Treasurer in 2010, I have made substantial changes to the way my office operates. For example, we have introduced a system where your auditors can obtain tax distribution receipts online. The “Taxing District Portal,” as it is known, is a first-of-its-kind system in Illinois that we believe puts information in your staff’s hands more quickly than ever.

Another change is how we invest both the levy and county funds. In 2012, we generated above market returns for all Will County tax districts while consistently beating benchmarks. In our own investment portfolio, we generated $1.7-million in interest, nearly five times the amount set in the county’s budget for Fiscal Year 2012.

I believe that my office is here to serve you and the other taxing districts across Will County. Please know that my staff is available to you at any time to answer questions or brainstorm ideas. If you would like me to present an update to you or the Lincoln-Way School Board, please let me know.

Finally, as an alumnus of Lincoln-Way High School, let me take this opportunity to thank you for your many years of service to the community. I am confident that you, in the words of Dr. Johnson, “will build on the strong culture and tradition of success” that is Lincoln-Way.

Sincerely,

Steve Weber, CPA
Will County Treasurer

Enclosure
SW/bm

cc:

Hon. Dr. Arvid C. Johnson
Hon. Christopher A. Kosel
Hon. Kevin L. Molloy
Hon. James E. Gast
Hon. Christine M. Glatz
Hon. Dee Molinare
Hon. Judge Steven D. White

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