Ravenswood Bank on Friday became the 23rd Chicago-area bank to fail since the financial crisis began claiming local banks at the start of 2009.
As of June 30, 40% of its loans were to commercial and residential developers or to investors in commercial real estate.
Ravenswood Bank fails, Wintrust unit is the buyer | Finance | Crain's Chicago Business
Village Board meets Monday to consider a referendum to establish a new tax — 60 cents per $100 of assessed property value — to pay for public safety services. That’s the maximum tax rate the village could levy.
A public meeting on the matter will be held at 7 p.m. Aug. 9 at the Garden Prairie United Church of Christ,
Garden Prairie Street Light District plans to have a referendum Nov. 2 on increasing the tax that primarily is used to rent 33 street lights and two flashing lights and to pay for their electric usage.
Click on the following for more details: Street Light District pushing for referendum on November ballot
Interesting article for several reasons. I never knew that a county board could not really stop overspending of elected officials.
state budget experts will speak to the board in what McConnaughay [County Board Chairwoman] described as an effort to get members to understand the state's dire financial situation. The experts also will explain what that situation means for the county.
Members again cited the fact that the board has no authority to prevent offices from overspending.
"We end up overspending at the end of the year because we can't control the management decisions made in other offices," McConnaughay said
Kane to hear from financial experts :: Beacon News :: Local News
Most of Chrysler's gains this year came from sales to rental car companies, governments and other businesses, according to confidential data obtained by The Associated Press. Everyday drivers have shunned its dated lineup of cars and trucks.
Chrysler lost $197 million in the first quarter, and it's expected to post a net loss when it releases second-quarter results on Monday.
State pension officials are re-examining the retirement of a west suburban village administrator who the Chicago Tribune revealed was paid $472,255 last year under 10 different job titles, spiking his pension by tens of thousands of dollars.
