Investment losses at local governments.

The City of Crystal Lake was among the local governments that invested in the Illinois Metropolitan Investment Fund.

$22.3 million, according to the Chicago Tribune’s research (which can be seen here).

The original loss was estimated to be $618,204.

Now, some has been recovered.

A check written in early February brought $10,773.89.

Note that money was invested from not only the General Fund, but also from the Motor Fuel Tax and Water & Sewer Funds.

Another check arrived in mid-April.

It was for $19,982.64.

So, if the Tribune number is correct, Crystal Lake is still out $517,447.