Dixon residents to discuss on $40M settlement
October 10, 2013 2:10PM
DIXON, Ill. (AP) — Residents and officials in the northern Illinois town of Dixon will discuss how the community should spend $40 million it’s getting as part of a legal settlement.
Mayor Jim Burke plans to make the opening remarks at Thursday evening’s meeting, where the city’s finance director will make recommendations.
The meeting is meant as a forum to discuss the out-of-court settlement involving former Comptroller Rita Crundwell. She was convicted of stealing almost $54 million from the city over two decades while serving as city bookkeeper.
The city recently settled with a bank and an auditor it accused of not doing enough to expose Crundwell’s scheme.
Crundwell was sentenced to nearly 20 years in prison after pleading guilty to wire fraud.
The money is due in a lump sum this year.