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Low Interest Rates Translate to Poor Earnings for Park Forest Taxpayers

Overandovervictory
Drops in interest rates have not been good for Park Forest taxpayers.

Park Forest, IL-(ENEWSPF)- Interest rates have declined substantially over the past four years and this has meant a real loss for Park Forest. Village Board members learned Saturday just how much.

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At a financial update session that got underway shortly after 7:30 a.m., staff reported the reality of Village of Park Forest savings in 2011.

According to a memorandum prepared by Mary Dankowski,…

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