MB Financial Replaces Seaway Bank As Maywood’s Largest Account Holder
Fiscally Speaking / Government

MB Financial Replaces Seaway Bank As Maywood’s Largest Account Holder

Thursday, July 27, 2017 || By Michael Romain || @maywoodnews MB Financial has replaced the defunct Seaway Bank & Trust as Maywood’s largest account holder. During a regular meeting on July 18, the Maywood Board of Trustees voted on a resolution designating MB Financial a public depository for the village. Less than two years ago, … Continue reading

Area Lawmakers React to Illinois Budget Plan | Sugary Beverage Tax Put on Hold
Fiscally Speaking / Government

Area Lawmakers React to Illinois Budget Plan | Sugary Beverage Tax Put on Hold

Thursday, July 6, 2017 || By Michael Romain || @maywoodnews The Illinois House voted 71 to 42 on July 6 to override Gov. Bruce Rauner’s veto of a revenue bill “that will hike the personal income tax rate — while also voting to override two other budget bills,” the Chicago Sun-Times reported on Thursday. For the … Continue reading

Maywood to Hold Public Hearing on Proposed $38.2M Operating Budget Tonight, Wednesday, April 12, 7 PM
Board Meetings / Fiscally Speaking / Government

Maywood to Hold Public Hearing on Proposed $38.2M Operating Budget Tonight, Wednesday, April 12, 7 PM

Wednesday, April 12, 2017 || By Michael Romain || @maywoodnews The Maywood Board of Trustees will hold a public hearing on the FY 2017-18 proposed budget, which village officials project to be $38,237,137. The general fund for the proposed budget is projected to be $22,514,732. Maywood’s fiscal year runs from May 1 through April 30. The … Continue reading

Businessman Offers to Loan Cook County Homeowners $1K to Pay Down Delinquent Taxes before April 3 Deadline
Fiscally Speaking / Housing

Businessman Offers to Loan Cook County Homeowners $1K to Pay Down Delinquent Taxes before April 3 Deadline

Monday, March 27, 2017 || By Wendell Hutson for Austin Weekly News || @maywoodnews The latest project by a nonprofit foundation to help economically challenged individuals and families came too late for one homeowner who said he lost his home due to back taxes. “No one wanted to loan me any money because I had … Continue reading

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