Thursday, July 30, 2009

Board hopefuls asked to discuss seat - Rockford, IL - Rockford Register Star

Well—what do you think will this solve the impasse? 

 

County Board member Terri Glass sent letters Wednesday to the eight candidates interested in assuming the vacant seat, inviting them to attend Monday’s Administrative and Legislative Committee agenda, a committee she chairs, to discuss the District 2 Republican board vacancy.
It was done to help alleviate a growing issue, she said.

Click on the following for the rest of the story:  Board hopefuls asked to discuss seat - Rockford, IL - Rockford Register Star

The Belvidere Daily Republican. - Belvidere reviews city’s sobering financial figures

Just like the county—the City of Belvidere is facing a large deficit for the current fiscal year.   Both will be doing little to reduce the deficit until next year—Belvidere’s fiscal year ends April 30, 2010—Boone  County’s November 30, 2009. 

Nobody imagined the review would point to staggering gains; but the reality the city may face if the worst case scenario is realized – a $1.2 million deficit at year’s end on April 30, 2010 – was a lot for the aldermen to digest.

The memo showed the current year to date revenues for the major sources would be off an average of just over $13.5 percent. For example, the leading losing category is sales tax, which was projected to come in just under $900,000, but is coming in at just under $700,000, a drop off of more than 21 percent.

 

Click on the following for the rest of the story:  The Belvidere Daily Republican. - Belvidere reviews city’s sobering financial figures

Take a look at the following  for the actual report which was given to city council regarding the huge short fall.

Mayor Brereton’s 7-23-2009 Memo forecasts a $1,184,091 deficit

     Click to enlarge photocopy:

mayor's memo page 1

 

mayor's memo page 2

City of Belvidere: Financial Status

Financialo status page 1

Financial status page 2

fiancial status page 3

Cops not immune to economic downturns :: The Courier News :: Local News

 

hiring freeze on all city departments has been in effect since last year, when city officials eliminated 54 positions over the course of the next year in response to projected declines in revenue and increasing expenses.

The impact on the police department was a cut in more specialized departments, such as elimination of the DARE program and cuts in the Crime-Free Housing Unit so officers could be assigned to street patrol.

At the Police Training Institute in Champaign -- the state's biggest law enforcement academy -- enrollment went from 538 in the 2008 fiscal year to 296 the next year.

Cops not immune to economic downturns :: The Courier News :: Local News

Illinois home forelosures highest in Chicago area -- chicagotribune.com

 

Foreclosure activity was up 15 percent in the Rockford area and 40 percent in the metro area that includes Rock Island and Moline and Davenport, Iowa.
Increases are blamed on growing unemployment rather than risky mortgages.

Illinois home forelosures highest in Chicago area -- chicagotribune.com

A day of reckoning for Bush's 'torture' lawyers | csmonitor.com

 

Eric Holder must decide whether to pursue Bush administration lawyers and one sitting federal judge who set the legal stage for officially sanctioned torture and other degrading practices that violated fundamental principles of international law. As Mr. Holder wrestles with this decision, he must consider the gold standard set by his predecessor Robert Jackson at Nuremberg.

But Holder should recall the testimony of William Keitel, the ranking officer of the German Army: "I took the stand that a soldier has a right to have confidence in his state leadership, and accordingly he is obliged to do his duty and to obey." The Nuremberg tribunal sentenced Keitel to death by hanging.

A day of reckoning for Bush's 'torture' lawyers | csmonitor.com

Recession may be over, but its effects will linger -- chicagotribune.com

 Kansas City Federal Reserve Bank.jpg

The Chicago and Cleveland regions both entered the current recession in the third quarter of 2007, well before much of the rest of the country. Both have been hit particularly hard. And neither area can expect to recover ahead of the nation as a whole.

Click on the following for the rest of the story:  Recession may be over, but its effects will linger -- chicagotribune.com

Business Journal | Business tough for area Hispanics

 

the seasonally adjusted national unemployment rate for Latinos and Hispanics last month was 12.2 percent, 2.7 percentage points higher than the national average.

The consequences of the recession have been far-reaching for suburban Hispanics, affecting businesses, consumer spending habits and residential housing.

Budget cuts have left many social service programs with a limited ability to help those families in need.

Click on the following for the rest of the story:  Business Journal | Business tough for area Hispanics