Thursday, August 4, 2011

Voters of Belvidere Township

You are needed at 6:00 PM Friday, August 5 at Belvidere Township office, 8200 Fairgrounds Road.  Unless you, in person, vote at this town meeting a great expansion of government will occur.

Please read the items below including the Rockford Register Star article.

Here are some questions to ask yourself or better yet your township trustees?

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Click on the photocopy to enlarge:

Bel Township

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Unemployment rose in nearly all US cities

Unemployment rates rose in more than 90 percent of U.S. cities in June, mirroring a national slowdown in hiring.

The Labor Department said Wednesday that unemployment rates rose in 345 large metro areas. They dropped in 20 cities and were unchanged in seven. That's worse than May, when rates rose in only 210 cities. And it is a sharp reversal from April, when unemployment rates fell in nearly all metro areas.

The biggest increase was in Joplin, Mo, which was hit by a major tornado on May 22. The city lost 9,400 jobs in June, and the unemployment rate jumped nearly 2 percentage points, to 9.6 percent.

Click on the following for more details:  http://finance.yahoo.com/news/Unemployment-rose-in-nearly-apf-3394283988.html?x=0&sec=topStories&pos=5&asset=&ccode=

Foreclosures still coming

rate of homes that have reached the point of foreclosure has dipped. That is factually correct. However, the percentages of homeowners who ultimately have defaulted or will default to the lender are not reflected in the current local and national statistics.

There is a backlog of foreclosed properties that has not yet been released by the banks to the resale market. Banks learned plenty about what a deluge of previously foreclosed properties can do to prices through the first few years of this housing crisis. An open spigot with regard to foreclosure inventory pushes down the price of every home on the market. It hurts everyone.

Institutions holding foreclosed homes almost certainly will monitor the release of properties more closely in the months – and perhaps years – to come. Although lenders are holding foreclosed properties longer, they cannot keep them forever.

The housing crisis hasn’t ended, and doesn’t appear destined to end anytime soon. Some analysts suggest that Americans may not be on the other side of the foreclosure tidal wave until 2014.

Click on the following for more details:  http://www.nwherald.com/2011/08/01/foreclosures-still-coming/ag2ujb3/

Candlewick Voice still seeks vote on incorporation

Wednesday, 03 August 2011 14:12 Bob Balgemann

Candlewick Voice has a “very detailed plan” for the future, he said, but “we can’t talk about it right now. It could be a process that takes another year.”

Corso said state legislators were approached about changing the law through a local bill. “We were told they would look into it when we show them a large showing of support for incorporation,” he said.

The General Assembly a number of years ago approved a local bill that allowed the incorporated community of Trout Valley to avoid needing permission from the nearby village of Cary, near Crystal Lake, to incorporate. And Trout Valley voters ultimately approved it becoming a village.

Many details in this article and a good history of the issue and its legal ramifications.

Click on the following for more details:  http://www.belvideredailyrepublican.net/index.php?option=com_content&view=article&id=6841:candlewick-voice-still-seeks-vote-on-incorporation&catid=107:poplar-grove&Itemid=509