With $1.4M in Outstanding Insurance Claims, Maywood Looks to Improve Risk Controls
Fiscally Speaking / Government

With $1.4M in Outstanding Insurance Claims, Maywood Looks to Improve Risk Controls

A chart detailing Maywood’s paid, outstanding and total incurred expenses from insurance-related claims that date back to 2011. | Insurance Program Managers Group  Saturday, February 25, 2017 || By Michael Romain || @maywoodnews Going back to 2011, Maywood has incurred $3.7 million in expenses related to medical and professional liability insurance, with nearly 230 claims having … Continue reading

Breaking: Seaway Bank Shut Down, Maywood Could Take Its Deposits Elsewhere, Says Village Manager
Breaking News / Business / Fiscally Speaking / Maywood Politics

Breaking: Seaway Bank Shut Down, Maywood Could Take Its Deposits Elsewhere, Says Village Manager

Seaway Bank & Trust’s Maywood Branch. | File Friday, January 27, 2017 || By Michael Romain || @maywoodnews || Updated: 1/28/17 Seaway Bank & Trust, the state’s largest black-owned minority bank and the sixth largest in the country, was shut down today by state bank regulators, according to multiple reports. According to a Crain’s report published today, … Continue reading

Maywood Approves 13% Overall Tax Levy Increase, 3% Increase for Corporate Fund
Fiscally Speaking / Government / Maywood Politics

Maywood Approves 13% Overall Tax Levy Increase, 3% Increase for Corporate Fund

A chart detailing the village’s 2016 tax levy. | Village of Maywood Friday, December 13, 2016 || By Michael Romain || @maywoodnews At a Dec. 20 regular meeting, the Maywood Board of Trustees unanimously approved an ordinance setting the real estate tax levy for 2016 at $18,891, 952, which represents a roughly 12 percent increase over … Continue reading

Maywood Faces 14% Tax Levy Increase, Public Hearing Scheduled for Tuesday
Fiscally Speaking / Government

Maywood Faces 14% Tax Levy Increase, Public Hearing Scheduled for Tuesday

A table showing a range of tax levy scenarios proposed by village officials. The village board only has the ability to change the level of taxes levied for the corporate fund. The fire and police pension funds are mandatory increases. | Village of Maywood Monday, December 5, 2016 || By Michael Romain || @maywoodnews At … Continue reading

‘There’s Money Out Here,’ Says Maywood Mayor, Who Proposes Hiring Grant Writer to Catch Wave of State, Fed Funds
Fiscally Speaking / Government

‘There’s Money Out Here,’ Says Maywood Mayor, Who Proposes Hiring Grant Writer to Catch Wave of State, Fed Funds

Tuesday, November 1, 2016 || By Michael Romain || @maywoodnews Maywood Mayor Edwenna Perkins said during an Oct. 26 Legal, License and Ordinance Committee (LLOC) meeting that, since getting elected in 2013, she meets once a month with other suburban mayors. Often, the mayor said, she leaves those gatherings bristling at what the village is missing out … Continue reading

Maywood Cuts Number of Red Light Cams, Hopes for Increased Revenues
Fiscally Speaking / Government / Infrastructure / Policing

Maywood Cuts Number of Red Light Cams, Hopes for Increased Revenues

A photo enforced camera | Wikipedia  Friday, August 5, 2016 || By Michael Romain || @maywoodnews || @village_free   Maywood now has fewer red light cameras today than it had just weeks ago, a development village officials are hoping might allow them to cut the cameras’ operating costs and realize some revenue gains from the technology. At a July … Continue reading

Proviso Area Lawmakers Laud State’s Passage of Stopgap Budget
Events / Fiscally Speaking / Government

Proviso Area Lawmakers Laud State’s Passage of Stopgap Budget

Illinois House Speaker Michael Madigan and Illinois Senate President John Cullerton walk into Gov. Bruce Rauner’s office on June 28. | Seth Perlman/AP via nwi.com.  Friday, June 1, 2016 || By Michael Romain || @maywoodnews ||@village_free  Illinois state lawmakers reached a compromise, albeit limited, on the nearly year-long budget drama that, while conducted in Springfield, has played out … Continue reading