LaSalle News Tribune | LaSalle, IL
Due to weather related issues, in some areas there may be delayed deliveries of your Monday issue of the NewsTribune.
If road conditions are severe enough, your delivery person may not be able to deliver your NewsTribune at all on Monday.
In this case, your Monday edition will be delivered with your Tuesday newspaper.
We ask you to be understanding for the safety of our carriers.

You can view Tuesday's newspaper online at

home : news : local   May 27, 2016

5/9/2013 11:59:00 PM
County borrows $10.5 million for insurance program

Kevin Caufield
NewsTribune Reporter


Board members passed the resolution which is expected to raise property taxes “a couple pennies” and allow the county to borrow the money today that it will need in the future to pay for health insurance claims at very cheap interest rates.

The vote was 22-4 with board members Arratta Znaniecki (R-Ottawa), Tom Walsh (D-Ottawa), Mike Sheridan (R-Streator) and David Zielke (R-Leland) voting against.

“To me, I’d love to have bought all the gas I would need six years ago and still be using it,” said health insurance committee member Marius Derango. “That’s a lot like what this is.”

The county’s self-insurance program began in 2004 when the county board agreed to sell $8.4 million in bonds to bankroll the program. Insurance officials estimate the county saves taxpayers between $400,000 and $500,000 annually over the cost of traditional insurance.

This will be the third time the county has borrowed money to fund the program — mostly because bond rates are historically cheap right now.

But having three bonds worth many millions of dollars in debt on the financial books wasn’t very appealing to the four board members who voted against.

“This to me is massive debt and I hate having debt,” said Znaniecki, who serves as finance committee chairman. “I know we may lose out on the interest, but we’ll have three major outstanding bonds on our books.”

In other business:

n Board members passed several zoning changes which include omitting the requirement for a four-foot fence around swimming pools and allowing small trucking companies of no more than 5 trucks to apply for special use permits to construct such businesses in unincorporated areas of the county, among others.

n Board members recognized Paige Collins, an Earlville Junior High School student and Alex Valdez, an Earlville High School student, for their academic and extracurricular achievements.

n Board members approved the following re-ppointments: Timothy Armstrong, Allen Township Fire District trustee; Dennis Tomaszewski, Dimmick-Peru Rural FPD trustee; and Cyril Moroni, Lostant Rural FPD trustee.

 Kevin Caufield can be reached at (815) 220-6932 or

Login to your account:
Remember me
Login reminder
  If you'd like to comment on this article, please log in or click here to subscribe.


Subscription Login

VIDEO: Baseball Regionals: L-P 1, Normal U-High 0
Updated: 5/26/2016 8:39:00 PM
Teen flown to Peoria after accident while fixing car
Updated: 5/26/2016 6:55:00 PM
Congressman weighs in on Democrat move in Springfield
'The least we can do is take care of them'
Peru announces summer road work and detours
E-smoking isn't allowed in school either

Illinois Valley Events
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31        

Photo GalleryVideo LibraryMagazinesDealsAbout UsAP Terms of UseAdvertise With UsExtra Content

Copyright 2016 NewsTribune, LaSalle, Illinois. All rights reserved.

Software © 1998-2016 1up! Software, All Rights Reserved