Sunday, July 5, 2009

Northwest Herald | Suggestions for state cuts

• Reopen negotiations with state employee unions to eliminate 4 percent salary increases, or cut staff by a percentage that would equal the pay cut;

• Reduce pension benefits to all state employees and elected officials;

• Institute a two-tier state pension system to trim pension payments for new hires;

• Increase employee contributions for health care and other benefits;

• Regionalize pay so that a job title in a lower-cost area of the state would pay less than the same title would pay in a higher-cost area such as Chicago;

• Consolidate the state treasurer’s and comptroller’s offices;

• Eliminate state grants that pay overtime to police officers to staff safety belt checkpoints;

• Invest in home health care options to drastically reduce the cost of institutional care;

• Push to consolidate some of the state’s 870 public school districts

Northwest Herald | Suggestions for state cuts

Northwest Herald | Job seekers face long odds

it’s definitely a hirer’s market. Those looking for a job are treading water in the deep end of the applicant pool.

At the newly reopened Algonquin Wal-Mart, there were between 100 and 200 applicants for each of the 130 jobs its renovation created.

Northwest Herald | Job seekers face long odds

Saturday, July 4, 2009

Property Tax Appeals Take Toll on Governments - NYTimes.com

 

National Association of Counties, 76 percent of large counties said that falling property tax revenue was significantly affecting their budgets

Property Tax Appeals Take Toll on Governments - NYTimes.com

Friday, July 3, 2009

Risky debt instruments bring down Campbell banks - - BusinessRockford.com

ROCK RIVER BANK 

FDIC officials said the failures resulted from losses on risky debt instruments known as collateralized debt obligations and other loan losses. CDOs are asset-backed securities whose value and payments are derived from a portfolio of fixed-income underlying assets

Risky debt instruments bring down Campbell banks - - BusinessRockford.com

53-foot border tunnel equipped with lights

 

The tunnel's builders entered through a manhole near the border fence in Mexico and crawled through 700 feet of sewer drain, on both sides of the border, Mack said.

Click on the following for the rest of the story from San Diego:  53-foot border tunnel equipped with lights

Fire-sale prices don’t help Chrysler - - BusinessRockford.com

 

Fire-sale prices don’t help Chrysler - - BusinessRockford.com

Thursday, July 2, 2009

Reduction in deputies tied to Kane retirement plan :: Beacon News :: Local News

image

GENEVA -- Through attrition, not layoffs, Sheriff Pat Perez will be allowed a maximum of 87 sworn deputies, a Kane County Board committee agreed on Wednesday.

The move, once approved by the full County Board on July 14, reduces from 96 the deputy total the sheriff can appoint.

Click on the following for the rest of the story:  Reduction in deputies tied to Kane retirement plan :: Beacon News :: Local News