Thursday, September 16, 2010

Stephenson County pays NIDA $20K -

For FY 2011 a $8,000,000 budget is being anticipated yet this large amount was allocated to economic development in FY 2010.

[Board approved] paying Northwest Illinois Development Alliance the $20,000, which is part of the county’s budgeted $100,000 allocation to the agency in the county’s 2010 budget

NIDA played a crucial role in several recent development projects, including the expansion of Tri Star-Pinnacle Metals, and the opening of the Pinnacle Transportation, LLC, dispatching center in Freeport, which is planned for this fall.

Earlier this year, county officials approved a measure to delay future payments to NIDA until the agency hires a new executive director, a process that is still ongoing.

Click on the following for more details:  County pays NIDA $20K - Freeport, IL - The Journal-Standard

Foreclosures surge in Cook County :

Foreclosure filings catapulted 66.4 percent in Cook County in August from a year earlier, according to RealtyTrac's latest report, but the spike is linked to a 2009 law that delayed foreclosure filings last year.

clogged foreclosure pipeline is being carefully managed on both ends by lenders and servicers," said James Saccacio, chief executive officer of RealtyTrac. "On the front end, seriously delinquent loans are rolling into foreclosure at an unusually slow rate, while on the back end, the dammed-up inventory of properties already in foreclosure is moving to [bank repossessions in a] steady stream rather than a flood, presumably to prevent further erosion of home prices."

Foreclosures surge in Cook County :: The Courier News :: Business

DeKalb County board votes for another budget option | Daily Chronicle

 

county administrators said a property tax increase is necessary so the fund balance doesn’t get too low. But at the full meeting, board members said they would like to see an alternative budget without a tax increase or layoffs of county employees.
Revenues for fiscal year 2010 are about $920,500 under budget, and the proposed FY11 budget relies on a tax increase and cutting expenditures to help the county

 

2.4 percent increase is just the county’s portion of property taxes, which will bring the county about $760,000 for the year.

few board members wondered how many county employees would have to be laid off to prevent a tax increase. Hanson said it would work out to about nine employees, which would be “substantial.”

board members approved placing the fiscal year 2011 budget on file for public viewing. Steve Walt, R-DeKalb, proposed two amendments: removing the 2.4 percent property tax increase and looking into a furlough program instead of laying off county employees. The board unanimously approved the amendments.
Hanson said he and county officials will create an alternative budget including those options.

County board votes for another budget option | Daily Chronicle

Economist says tough decade ahead for Illinois - Peoria, IL - pjstar.com

About $6 billion of Illinois' $13 billion deficit can be tagged to jobs lost in the last 10 years - and there may be another decade of slow growth to go.

One factor in the problem is that Illinois' taxes are outdated, based on a 1970s-era economy when there were far more manufacturing jobs

The state is not losing population. But the people moving in make far less money than the people moving out. Illinois has dropped from fourth to 15th in per capita income….That's a real source of concern,"

investigate the underlying problems and collaborate on a regional approach to solving them

Click on the following for more details:  Economist says tough decade ahead for Illinois - Peoria, IL - pjstar.com

Boone County Animal Control Building—Channel 13 news click

Click on the following to see this news clip: 

http://www.wrex.com/global/video/flash/popupplayer.asp?ClipID1=5112553&h1=Boone%20County%20Animal%20Control%20Facility%20shows%20its%20age&vt1=v&at1=undefined&d1=113134&LaunchPageAdTag=News&undefined&activePane=info&rnd=39247421

Proposal to eliminate overtime doesn't sit well with Boone County - WREX.com – Rockford’s News Leader

Someone must have called to get the TV cameras at a mere budget hearing. The camera rolled for over an hour.  Was this staged?

Boone County has two and a half months to pass a budget that plugs a $1.6 million hole. Every expense is now under a microscope. That includes whether the sheriff's department really needs overtime.

Sheriff Duane Wirth and Lieutenant Phil Bue defended OT pretty passionately at a meeting with Boone County Board members. They call a proposal to eliminate it impossible

Click on the following for more details:  Proposal to eliminate overtime doesn't sit well with Boone County - WREX.com – Rockford’s News Leader

Boone County businessman beaten - WREX.com – Rockford’s News Leader

 

BOONE COUNTY (WREX) - The Boone County Sheriff's Department investigates the near-death beating of an area businessman.   Bruce Schlichting was found badly hurt in a wooded area off his driveway at 9111 Huber Road in Boone County, Wednesday.  The sheriff's department say he was flown to OSF St. Anthony Medical Center in critical condition.  He's one of the owners of Schlichting and Sons.   Police say they have a person of interest in the case but no one's been arrested yet.

Click on the following for more details:  Boone County businessman beaten - WREX.com – Rockford’s News Leader

Boone County votes to restrict use of safety tax - Rockford, IL - Rockford Register Star

This article does not do a good job of delineating which board member wants to continue to use the sales tax for general operations and who does not. In short, voting for or against the ordinance is not directly related to using the safety tax for purposes other than servicing the PSB building debt.

The county pays $780,000 a year on debt related to the jail expansion.
Last year, the tax generated $1.4 million.
In recent months, board members have clashed over what the money could and should be used for.

Click on the following for more details:  Boone County votes to restrict use of safety tax - Rockford, IL - Rockford Register Star

Census: 1 in 7 Americans live in poverty

1965 was the year that Lyndon B. Johnson began the War on Poverty. 

The number of people living in poverty has climbed to 14.3 percent of Americans, with the ranks of working-age poor reaching the highest level since at least 1965.

Click on the following for more details:  Census: 1 in 7 Americans live in poverty