| Fiscal Note (Dept. of Revenue) |
| The Department of Revenue currently lacks expertise in the filing and enforcement of liens. With passage of this bill, the Department will need to add up to three fulltime staff to devise and implement new lien procedures, research, file, and process the liens. Also, two additional attorneys preferably with lien recovery experience are needed to review for enforcement sufficiency and to represent the Department at hearing. Additionally, two administrative law judges with lien recovery and or Uniform Commercial Code expertise would also be needed to handle the increase in administrative hearings. Administrative costs include postage, filing fees, office supplies and new employee IT equipment and licensing. Currently, according to the Cook County Recorder of Deeds, recording costs for liens range from $25.00 to $32.00. It is estimated that if the Department had this additional staff the number of liens that it theoretically could record would be around 1,000 to 1,500 per year. Fiscal Impact = $1,038,336 (7 Headcount - $972,336; Administrative Costs - $66,000). |