Lisle latest town to ban video gambling

Lisle is a village of approximately 25,000 in DuPage County. 

village board didn't feel the tax revenue potential from video gaming machines in any way outweighed our concerns about the social consequences and adverse effects on quality of life gambling can have on a community," Mayor Joseph Broda said in a written statement.

Other DuPage County communities that have banned gambling include Addison, Bloomingdale, Glen Ellyn, Naperville, West Chicago, Wheaton, Winfield and Villa Park.

those that allow video gambling will receive 5 percent of each machine's profit

Click on the following for more details:  Daily Herald | Lisle latest town to ban video gambling

Gitmo divides Manzullo, Gaulrapp

 Gaulrapp [Democratic candidate for Congress] supports the move, noting that 340 international and domestic terrorists already are held in federal prisons in the U.S. Among them are those convicted in the first World Trade Center bombing, such as Ramzi Yousef, and Robert Reid, the shoe bomber.

Given the history of the federal prison system’s safe handling of such prisoners, Gaulrapp said, the rewards of job creation and economic growth outweigh any potential risks.

Click on the following for more details:  Northwest Herald | Gitmo divides Manzullo, Gaulrapp

Schaumburg businesses cautious to react to tax

The village currently has no municipal real estate tax. 

theirs will be the lowest municipal property tax around apart from Elk Grove Village's and insist Schaumburg's investment in business infrastructure remains second to none.

Though it's adding another layer of taxes to what property owners already pay, Schaumburg's portion will end up as only about 8 percent of the total paid to all taxing bodies, village Finance Director Doug Ellsworth said.

recommendation for a property tax that would bring in $23.7 million next year, helping fill an existing $17.6 million hole in the budget caused by dwindling sales taxes and other consumer-based fees.

Potential tax bill increase

Woodfield Shopping Center
$1.4 million

Schaumburg Corporate Center, 1501 Woodfield Road
$460,000

Zurich North American building, 1400 American Lane
$435,000

Woodfield Preserve Office, 10/20 Martingale Road
$373,000r

Motorola, Algonquin and Meacham roads
$356,000

Streets of Woodfield
$325,000

Hyatt Regency Woodfield, 1800 E. Golf Road
$160,000

IKEA, 1800 E. McConnor Pkwy.
$159,000

Click on the following for more details:  Daily Herald | Schaumburg businesses cautious to react to tax

FACT CHECK: Guantanamo detainees and U.S. prisons

Check out the arguments and the facts:

FACTS: Convicted terrorists already are held in U.S. prisons. Federal Bureau of Prisons director Harley Lappin said more than 340 international and domestic terrorists currently are incarcerated.

FACTS: Detainees would be overseen by the military and would not mingle with other federal inmates, said Bureau of Prisons spokeswoman Felicia Ponce

FACTS: The Department of Defense does not allow detainees to have visitors. Phil Carter, deputy assistant secretary of defense for detainee policy, said detainees' only visitors at Guantanamo Bay are attorneys, the Red Cross and diplomatic and law enforcement personnel.

FACTS:the bureau of prisons would employ about 800 to 900 people, including 250 to 300 people moved in from other facilities to quickly get the prison up and running. Carter said the defense department would have as many as 1,500 military, civilian and contractor personnel there. The majority would be military.

FACT CHECK: Guantanamo detainees and U.S. prisons | Daily Chronicle

Dekalb County budget approved

nearly $74 million Fiscal Year 2010 budget, which is a slight increase over the 2009 budget and doesn’t cut services or employees. It also has no tax increases, and property taxes are not expected to go up for the average homeowner.

The transfer of $1.64 million will clear out a fund that had been set up to save for a new jail.
The jail and courthouse expansions are now being paid for by selling bonds rather than saving a little at a time, the county board decided last month. However, the transferred amount will be restricted to building purposes within the general fund.

Click on the following for more details:  County budget approved | Daily Chronicle

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winning-bidders-to-turn-silverdome-into-soccer-stadium

 What an unbelievable price!

An unidentified Canadian real estate company was the winning bidder for the Silverdome, snatching it up for a mere fraction of its original value.

A Toronto-based family-owned company bid $583,000 for the under-used stadium on Monday, which is currently owned by the City of Pontiac, Mich.

Click on the following:  winning-bidders-to-turn-silverdome-into-soccer-stadium: Personal Finance News from Yahoo! Finance

The injunction filed Monday afternoon in Oakland Circuit Court was too late to stop the auction, according to Bloomfield Hills attorney H. Wallace Parker, who has headed the Silver Stallion Development Corporation. But it may be able to stop the sale of the Silverdome, which went for $583,000 Monday in a closed door auction between four top bidders.

See more details:  http://www.detnews.com/article/20091117/METRO/911170416/1411/METRO02