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Sunday, August 12, 2012
What is the projected five year cash flow for Boone County Government’s General Fund?
The county is refinancing its jail bonds. The following was submitted to the Moody’s rating agency.
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Deficit Scenario:
Balance Budget Scenario:
New Website dedicated to the Wind Farm Issue and Boone County
It appears that residents concerned about Wind Farms in Boone County have a website. See below or click on the following: http://concernedcitizensofboonecounty.org/index.html
Information concerning Wind Farms which the county should be aware
1. Back in February the Congress failed to extend the PTC for 2013; new attempts continue for the extension however much may depend on the Presidential election. The Boone County project maybe affected.
Wind production tax credit(PTC): Tax credit extension deal fails for wind - Chicago Tribune
|By Julie Wernau
the tax credit extension, which provides an income tax credit of 2.2 cents per kilowatt-hour for the production of electricity from wind turbines….
Among the projects that were expected to get off the ground after the tax credit expires are a 200 MW wind farm slated for Boone County and a 437 MW project that straddles Lee, Whiteside and Bureau counties….
Both were slated for construction in the next 12 to 24 months but now would be delayed, said Matt Boss, a project manager with Mainstream Renewable Power….
Click on the following for more details: Wind production tax credit: Tax credit extension deal fails for wind - Chicago Tribune
2. Switching to Non-Com Ed suppliers may mean that Com Ed and Ameren will not be able to maintain their commitments to renewable power.
By law, 25 percent of Illinois' electricity must come from wind, solar and other renewable resources by 2025.
But as more municipalities elect to buy power from suppliers other than Commonwealth Edison Co. and Ameren Illinois, developers of renewable energy are losing confidence that their projects will be funded long term. Some have already given up on Illinois.
switching is occurring at a rapid clip. As of Wednesday, 100 municipalities statewide had moved their residents to alternative suppliers, and another 160 had passed measures stating they intend to switch
If the monies available from the utilities are shrinking dramatically, that does not bring about a lot of confidence that any commitments made by ComEd or Ameren are going to be lived up to over the long term,
Click on the following for more details on this subject: http://articles.chicagotribune.com/2012-05-31/business/ct-biz-0531-aggregation-kills--20120531_1_renewable-energy-wind-and-solar-developers-renewable-portfolio-standard
3. A sample of the 34 page contract supplied by an individual who did not sign a lease for a wind turbine for his Boone County land is available at: http://concernedcitizensofboonecounty.org/index.html
Reema Bajaj: The Morning After(Including revelations about Reema from a friend.)
Sycamore Attorney Bajaj and her charge of prostitution gained national coverage last year here is the latest update.
By David Lat
As we reported yesterday, the comely young Reema Bajaj, a 26-year-old Illinois solo practitioner charged with prostitution, has pleaded guilty to a single misdemeanor prostitution count. I previously expressed my favorable opinions of Bajaj and my belief in her innocence (despite the existence of nude pictures of her floating around the internet). Alas, it seems that my confidence may have been misplaced.
See the following earlier postings concerning this case: http://boonecountywatchdog.blogspot.com/2011/05/sycamore-attorney-faces-prostitution.html
http://boonecountywatchdog.blogspot.com/2012/08/reema-bajaj-morning-afterincluding.html
http://boonecountywatchdog.blogspot.com/2011/12/status-of-previous-news-posting.html
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