A couple of Mondays ago (March 31st), I didn’t get around to reading the Chicago Tribune and, miracle of miracles, the paper did not end up in the re-cycling container before I had time to look at it.
On the front page was a story entitled,
“As owners default,
lenders more in.”
I was more interested in the map printing on the inside.
You can see the McHenry County portion here.
Red is worst.
25 or more foreclosures per 1,000 mortgageable properties in 2007, the key reads.
There are two more areas of red in the county, one appears to be in western Lake in the Hills. It may be in Huntley School District 158, as the biggest on in the county clearly is. The other is in western McHenry.
A lot of old Carpentersville also seems to be colored red.
I was just thinking.
If so many people in your school district were suffering from foreclosure, would it be the right time to put your school district in a position where another tax rate hike referendum would be almost a foregone conclusion?