Northwest Herald | County gets $45.8M in bonding power

So what are the elected officials in Boone County or Growth Dimensions doing regarding this “recovery program” ?

All 102 Illinois counties and eight cities divided up $1.67 billion in federal bonding power. McHenry County received the sixth largest chunk, behind Chicago and Cook, DuPage, Lake and Will counties, according to IRS figures. Cities and counties nationwide have until Dec. 31, 2010, to issue the bonds.

The Internal Revenue Service informed [McHenry] county last week that it could issue up to $18.3 million for government projects and $27.5 million for private projects. The bonds can be used for capital projects or equipment purchases, Munaretto said.

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