Harris N.A. has submitted a bid with the Federal Deposit Insurance Corp. to purchase all or part of Amcore Bank, according to people familiar with the matter.
It’s unclear whether Harris, Chicago’s third-largest bank, has been joined by other bidders
Harris is bidding on teetering Amcore Bank | Crain's Chicago Business
Illinois is not the only state in trouble.
April tax collections are down 19 percent from the same point last year, and collections are down 13.8 percent so far for the 2010 fiscal year that runs through June 30.
The average income tax payment has fallen nearly 30 percent this year compared to last year, while the average income tax refund has risen 8 percent, Luebbering said. State sales tax collections have declined for 10 straight fiscal quarters.
Click on the following for more details: Missouri revenues down, more spending cuts planned - Yahoo! News
Christiansen indicated, however, that revenues are expected to continue declining during the next two years, implying the county’s 218-employee reduction in the last 18 months may not be the end of workforce cuts.
county board will vote April 22 whether to issue $6,266,000 in tax anticipation warrants
Christiansen also expressed optimism that a new Economic Development District created in cooperation with Boone County will open the door for federal infrastructure grants through the U.S. Department of Commerce.
Click on the following to read more of Chairman Christiansen: Christiansen: County ’still strong,’ poised for future growth | The Rock River Times
Hey—did any politician in Boone County every think of such an idea.
People are welcome to chat online with Elgin Mayor Ed Schock from 7 to 8 p.m. today. To do so, go to the Web site www.cityofelgin.org, click on "Live Chat with Mayor Schock" to be brought to a webcast page, then sign in as a guest. Those who would like to chat with Schock in person can watch the live chat at The Centre of Elgin, 100 Symphony Way, then talk with the mayor after the webcast.
Briefs: Elgin mayor hosts online chat tonight :: The Courier News :: Local News
"If anything's killing employment in Illinois, it's workers' comp
Illinois chamber exec: State is own worst enemy :: The Courier News :: Local News
A couple years after it was first assessed, the ordinance outlining it was amended to add wording that the fund be used only for city-wide street reconstruction projects. Along with this amendment was a provision that the funds could be used for other purposes, but only with a super-majority (3/4) vote of the corporate authorities. The corporate authorities include all ten aldermen, plus one mayor, or 11 votes. A super-majority of the corporate authorities, then, would be nine votes.
the city’s current reserve balance is about $3.1 million, a figure the recent audit pointed to as below the recommended level for the city Belvidere’s size. If the city continued to draw on reserves to operate, [Alderman]Chamberlin predicted the balance could fall to $465,000, barely enough for a month or two of operating expenses.
Click on the following for more details: The Belvidere Daily Republican. - Budget passes, but major funding source rejected
Belvidere police issued nearly 90 tickets to students for breaking the city’s daytime curfew law.
City Attorney Mike Drella said the students in court today or April 29 may have the ability to avoid paying a fine or court fees if they agree to eight-hour service projects set to begin May 19.
If students already paid their fine, the city may be able to provide reimbursements and work with them to arrange service projects, Drella said.
The School District likely will coordinate the community service of students found guilty or who plead guilty to violating the daytime curfew, Drella said.
Click on the following for more details: Belvidere students may receive alternative to tickets - Rockford, IL - Rockford Register Star
Salaries for the Boone County clerk, treasurer and sheriff will be frozen through December 2014, the Boone County Board decided Wednesday.
Board member Terri Glass asked the board to review the process of reopening its budget to make additional cuts and avoid running a deficit this year. Figures suggest that the board could face a shortfall of more than $200,000 by month’s end. The item will be discussed at next month’s Finance Committee meeting.
Click on the following for more details: Boone County Board freezes officials’ wages - Rockford, IL - Rockford Register Star
