The Federal Deposit Insurance Corporation, or FDIC, will be paying out the bank's[Platinum Community Bank’s] insured accounts - those of $250,000 or less per individual account. The bank's total deposits amount to $305 million. The FDIC will mail customers checks for their insured funds on Tuesday, Sept. 8, according to a news release.
Daily Herald | Rolling Meadows bank closure surprises city officials
The Lee Village Board earlier this week unanimously rejected a developer’s plan to build six wind turbines outside the village but within one and a half miles of it
The developer, NextEra Energy Resources, says that in the first year, the turbines would generate $83,000 in local taxes to the county, $51,000 for schools and $3,700 for the fire district.
NextEra, a subsidiary of Florida Power & Light Energy Illinois Wind LLC, also offered the village of Lee $60,000 – and $3,000 each year thereafter – to help the village make improvements to streets, drainage and other infrastructure.The proposal before Lee officials was part of a 151-turbine wind farm that will straddle DeKalb and Lee counties
AFSCME to reopen its contract to consider concessions, such as unpaid furlough days and a pay freeze.
AFSCME Executive Director Henry Bayer says the proposed concessions would cut workers' pay by up to 15 percent and would still result in 1,000 layoffs.
To help deal with a huge budget deficit, Quinn has proposed 2,600 layoffs, including many in Illinois' prisons
Before the personnel reductions, the city employed roughly 1,100 workers, 900 of whom are represented by bargaining groups. Both union and nonunion employees received layoff notices as follows: 21 employees from the nonunion executive and nonexempt classifications; 16 full-time employees from AFSCME Local 3298, which consists of clerical positions, inspectors, planners and accountants; and four full-time employees from AFSCME Local 1514 which includes public works and water and sewer maintenance employees.
Pursuant to the union contract, 22 part-time AFSCME Local 3298 employees also received layoff notices. At this time, the city intends to retain 15 of the 22 affected part-time positions
projected $5.6 million general fund shortfall in 2009. Caputo estimated the 2010 shortfall could reach $19 million unless the city reduces operating costs.
ore than half of those personnel costs are related to public safety.
Both the police and fire departments lost administrative or professional staff Thursday, but Ergo said no officer, paramedic or firefighter positions were eliminated.
Last month, the city's roughly 300 nonunion employees were told they will be required to take five furlough days over the remainder
Click on the following for more of the story: Daily Herald | 63 Aurora employees lose jobs in layoffs
ROCKFORD – Anyone seeking information regarding the newly created Boone County Resident Judge position and/or Associate Judge position created by Public. Act 96-108, should contact Joe Tybor, the Illinois Supreme Court Press Secretary.
Tybor can be contacted at 222 N. LaSalIe St., Chicago, IL 60601, or 312-793-2323.
All decisions regarding the new judgeships will be determined by the Illinois Supreme Court.
The Belvidere Daily Republican. - Direct comments for Boone Resident Judgeship to IL Supreme Court
This action will allow Boone County to borrow funds at very favorable rates for both private and public projects. Assuming the action is taken, Boone County will be joining Stephenson, McHenry, DeKalb, Kane, Lake and Cook counties and the City of Chicago in this stimulus program.
The proposal will be discussed at the Tuesday, September 8, Finance Subcommittee meeting. Expect a decision on the matter at the next full board meeting on Wednesday, September 16.
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SPRINGFIELD -- Illinois will get more than $200 million in U.S. Labor Department funds to modernize its unemployment insurance program.
Daily Herald | Illinois gets $200 million for unemployment plan
