The Village of Downers Grove is keeping the public appraised about the municipal and school district assets invested with the Illinois Metropolitan Investment Fund (IMET) that have been restricted as a result of alleged fraud.
The Village of Downers Grove recently released its annual Water Quality Report (WQR), which contains important information about the source and quality of the area's drinking water during 2014. The report is required by the Environmental Protection Agency, under the 1996 amendments to the Safe Drinking Water Act.
The Village of Downers Grove, Illinois, has done its part to make sure the public is appraised of the restrictions placed on municipal and school district assets, which were invested with the Illinois Metropolitan Investment Fund (IMET), due to fraud.
The Village of Downers Grove has taken steps to prepare for the possible loss of state revenue, as outlined in the village's "Long Range Plan for 2013-2015." Under Gov. Bruce Rauner's proposed 2015-16 budget, the village would see a reduction in Income tax distribution to local governments by 50 percent.