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Welcome to Will County, Illinois Website

Jennifer Bertino-Tarrant Will County Executive

I am honored to serve as your Will County Executive. As a lifelong resident of this great county, I have witnessed many changes as we have evolved from an ag-community to a major hub in the global distribution market.  I am dedicated to building upon this status but I am equally dedicated to maintaining the quality of life for the nearly 700,000 residents and thousands of businesses and organizations that call Will County home. 

Please explore our website which is filled with important information about services and departments within the County Executive office as well as connections to other county officials’ websites.

Will County is diverse, vibrant, and filled with hard-working people. We have room to grow and we look forward to a great future. 
 

Jennifer Bertino-Tarrant, Will County Executive

What's Happening in Will County

Will County Refinances Bonds to Save Taxpayers $20 Million
Anastasia Tuskey
/ Categories: News, Press Releases, Home Page

Will County Refinances Bonds to Save Taxpayers $20 Million

Favorable bond market provides opportunity for county to pass on savings

Through strategic financial planning and consistently high credit ratings, Will County will save more than $20 million in debt service payments on existing bonds over the next 25 years, or an average savings of $821,295 per year.

The county was able to refinance $170.8 million in General Obligation Bonds at a much lower rate, which will yield significant savings in debt payments over the remaining life of these bonds. The funds from these bonds were used to complete the Adult Detention Facility and to finance ongoing road projects in the Build Will program.

“We always want to be judicious with taxpayers’ dollars,” said Will County Executive Jennifer Bertino-Tarrant. “Just like a homeowner watching for the best mortgage rates and going to a lender when the time is right to refinance and save money, we too in county government have a great opportunity to save dollars during these incredibly tight times.”

Will County has maintained an AA+ rating from Standard and Poor’s, which is the agency’s second highest rating, and an Aa1 rating from Moody’s Investor Service, this agency’s second highest credit rating, for several years which has enabled the county to secure competitive interest rates on bonds.

“The County Board is committing to completing our major capital projects while doing them in the most financially responsible manner for our taxpayers,” said Speaker Mimi Cowan. “Working with the County Executive’s staff the County has realized significant savings by successfully completing this refinance of our previous bonds which ultimately saves our taxpayers dollars.”

The county has maintained a cash reserve policy for more than a decade. The policy requires the county to have cash and investments balance at year’s end equivalent to 25 percent of its upcoming budget. This “savings plan”, strong financial management, and a diverse tax base all contribute to the county’s strong financial rating.

Bertino-Tarrant added, “Will County has a long reputation of strong financial health. I am committed to maintaining this reputation with prudent financial decisions.”

“Through our previously established financial policies, Will County has maintained our strong fiscal health despite very challenging times,” said Minority Leader Mike Fricilone. “This refinance success is a testament of the County Board creating strong fiscal practices and this was reflected in the credit agencies affirming our strong fiscal ratings again.”

“As Chair of the Finance Committee, I am very pleased to see that Will County is projected to realize savings of over $20.5 million over the remaining life of the previously issued bonds,” said Board Member Ken Harris. “This savings eases the burden on our county budget and ultimately the residents of Will County.”
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Will County 9-1-1 ETSB Committee Meetings - 9 a.m.

The Will County 9-1-1 Emergency System Board will hold regular meetings at 9:00 am on the on the following dates in year 2021. All meetings will be held at the Will County Office Building - 2nd Flr. Board Room, 302 N. Chicago Street, Joliet.

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