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THUNDER AND WILDCATZ READY TO TACKLE NEW SEASON
Fair gallops across the finish line
FOOTBALL PREVIEW, B1
CARROLL COUNTY, A3
TELEGRAPH Monday, August 15, 2016 n SERVING DIXON AND THE SURROUNDING AREA SINCE 1851
A CLOSER LOOK | ILLINOIS BUDGET
Rainy day fund is drying up It’s almost zero hour for state’s reserves, and that could mean bad news for taxpayers CHICAGO (AP) – A stopgap spending plan that lawmakers approved to address Illinois’ lack of a state budget for a second straight year is quickly draining the state’s “rainy day” fund, focusing more attention on the state’s unique and long-running financial management problems. An account that experts say should
have $1.5 to $3 billion to help weather an economic downturn was down to about $180 million as of Friday. In a matter of weeks, the balance in what is supposed to be a savings account will be zero. Financial watchdogs and at least one major credit rating agency say Illinois’ move to drain the $275 million fund to
pay for items such as food and medicine for people in state-run facilities in the 16-month absence of a full budget means that when – not if – a recession hits, new taxes or spending cuts will have to be even more “draconian.” Using the rainy day fund for cash flow is nothing new in Illinois, where critics say
lawmakers have spent decades making politically popular short-term decisions that dug a deeper financial hole. Illinois has hundreds of billions in pension and other debt and is on track to spend nearly $8 billion more than it takes in this year. FUND continued on A54
BUSINESS
DIXON
Michael Krabbenhoeft/mkrabbenhoeft@saukvalley.com
Unlike some stores, with miles of aisles and merchandise stacked sky high, The Tampico General Trading Co. keeps its shelves stocked with just a little bit of everything, and owner Michael Scuteri encourages customers to shop small – businesses, that is.
There’s a lot in store in Tampico Variety is the Main course at downtown grocer, with a slice of history on the side BY SHELBY KUEPKER For Sauk Valley Media
The
TAMPICO – There’s so much history in Tampico that it might be easy for some to forget to step back and appreciate it every now and then. Not so for Michael Scuteri, 53, of Moline. He’s someone who noticed the charm of Tampico right off the bat, and he knew that he wanted to be a part of keeping its history alive in the town that gave birth to President Ronald Reagan. VARIETY continued on A94
LIGHT fantastic
INSIDE
Street performers brought things full circle Saturday night in Dixon as they entertained the crowd at Heritage Crossing for Dixon Main Street’s annual Venetian Night. The 5-hour, family-friendly event not only lit up the night, it served up food, live entertainment, kids activities, vendors, a lighted boat parade and fireworks. Find these photos at saukvalley.com to see pictures of the lighted boat parade.
Earleen Hinton/Shaw Media
Good, clean – er, not so clean – fun Photos by Philip Marruffo/pmarruffo@saukvalley.com
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TODAY’S EDITION: 20 PAGES 2 SECTIONS VOL. 166 ISSUE 74
INDEX
ABBY.................... A7 COMICS................ A8 CROSSWORD.......B8
LIFESTYLE............ A7 LOTTERY.............. A2 OBITUARIES......... A4
Kiera McCue, age 9, Sterling drives a toy “mudder” Sunday in the kids division of the Rock River Riders Motorcycle Club’s Mud Bogs on the club’s grounds on Polo Road, across from White Pines State Park. Check out more photos on Page A10.
OPINION............... A6 POLICE................. A2 STATE................... A5
Today’s weather High 82. Low 64. More on A3.
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