Lottery for local governments to receive stimulus funds

Posted in Government Grants, Lake County Board on February 20th, 2010 by publicinvestigator

NEWS ALERT: After receiving authority to issue $39 million in bonds from the federal stimulus program, Lake County will hold a lottery to allocate up to $3 million to local municipalities.

Why this news is important to you: The luck of the draw will determine which communities will have an opportunity to boost their economy with stimulus funding - not necessarily the ones that need economic stimulus funding the most.

Subscribers can read The Public Investigator’s news report to find out how much bonding capacity the county will retain for itself and what project will receive that funding.

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