Overview
- More than 500 taxing bodies received ACH transfers totaling about $2.3 billion after a four-month halt in distributions.
- The payments cover roughly 20% of what districts are owed, with a reconciliation planned once the new software is validated.
- Officials say about $8 billion in collected taxes still needs to be correctly apportioned under the Tyler Technologies system.
- Chicago Public Schools reported $1.6 billion in short-term borrowing and a $246 million pension loan, incurring interest costs of about $220,000 per day during the delay.
- Responsibility for the breakdown is disputed, with Pappas blaming Tyler Technologies and county tech staff, Preckwinkle’s office faulting the treasurer, and officials citing an incorrect test file; bills and refunds also went out late and key tracker and refund fixes remain.