Superintendent Jesus Pereira of the VAC has announced that the Fiscal Year 2025 Equalized Assessed Value (EAV) stands at $6,134,555,819.
Under 330 ILCS 45/2, the mandated minimum for “Just and Necessary” assistance is 0.02%, equaling $1,226,911.16.
In addition to this, the County is required by 330 ILCS 45/10(g) to provide funding for employee costs, which include:
• Salaries: $523,644
• Life Insurance: $30,000
• FICA – Employer Portion: $35,000
• Payroll Taxes: $40,059.01
• Health Insurance – Employer Portion: $135,000
The total minimum funding mandated by the Military Veterans Assistance Act is $1,991,214.17. However, the VAC has only requested $1,639,803.01—a significant $351,411.16 less than the minimum required by law. The minimum funding mandated by the Military Veterans Assistance Act for FY 2025 is $1,991,214.17. The VAC, however, only requested $1,639,803.01, which is $351,411.16 less than the minimum required by law.In a concerning turn, the County’s proposed budget allocates just $1,119,000, which is:
• $872,214.17 less than the mandated minimum
• $520,803.01 less than what was approved by the VAC Commissioners.
This funding shortfall will have significant impacts on the vital services we provide to veterans and their families. We remain committed to serving our veterans with integrity and efficiency while ensuring compliance with state mandates. We urge our community and leaders to prioritize the needs of those who have served our country. 
#SupportOurVeterans #VAC #FundingCrisis
#SupportOurVeterans #VAC #FundingCrisis
