Rockford gets ‘very good’ rate in $3.4M bond sale

Looks like refinancing would make sense for many municipalities/governmental units. 

city’s bond counsel, Kevin McKenna, of Spear Financial, reported the morning’s Internet bond sale had yielded five bids, the lowest of which was by Nashville, Tenn.-based Sterne, Agee & Leach, Inc., with offices in Chicago, for an interest rate of 3.6691 percent. The highest bid received offered a rate of 4.5873 percent.

general obligations bonds….bonds are to defray the cost of the city’s ongoing $75 million water system rehabilitation project.

Moody’s Investors’ Service downgraded the city’s bond rating from Aa2 to Aa3.

Click on the following for more details:  City gets ‘very good’ rate in $3.4M bond sale | The Rock River Times

Election 2010: Illinois Governor - Rasmussen Reports™

 Now only 7% difference in Governor’s Race.

The latest Rasmussen Reports statewide telephone survey of Likely Voters shows Brady picking up 44% of the vote, while Quinn earns support from 37%. Eleven percent (11%) prefer a different candidate, and nine percent (9%) are undecided

But in June, Brady was ahead 47% to 36%.

Click on the following for more details:  Election 2010: Illinois Governor - Rasmussen Reports™

Boone County committee meeting postponed to Aug. 9 -

RRSTAR.COM STAFF REPORTS

Posted Aug 02, 2010 @ 05:45 PM

BELVIDERE — Boone County Clerk and Recorder Pam McCullough announced this afternoon that tonight’s Administrative and Legislative Committee meeting has been postponed.
The meeting, postponed because of a lack of a quorum, will be held at 6:30 p.m. Aug. 9 at the Boone County Administrative Campus, 1212 Logan Ave.

Boone County committee meeting postponed to Aug. 9 - Rockford, IL - Rockford Register Star

Belvidere OKs officers on patrol at 2 schools

It will be interesting to compare this average costs with the Sheriff’s average cost used in calculating the costs for Belvidere North and Central Middle School.

Finance Manager Pat Chamberlin said the average pay for a police officer, including benefits, is $71,000.
“It’s 70 percent of the average salary, including benefits

Click on the following for more details:  Belvidere OKs officers on patrol at 2 schools - Rockford, IL - Rockford Register Star