GWRPC To Help Mt. Carmel Disperse Revolving Loan Fund

The city of Mt. Carmel is going with some outside help to make sure what’s left of the now defunct revolving loan fund is maximized. At Monday’s City Council meeting, commissioners approved city clerk Rudy Witsman’s recommendation to have the Greater Wabash Regional Planning Commission handle all of the necessary paperwork to spend the $347,536 that was left over when the state dissolved all revolving loan funds around Illinois….


The city can only use the money for two yet to be determined projects between January 1st of next year and December 31st of 2020. Previously, Finance Commissioner Joe Judge said it was hoped the money could be used to demolish blighted properties around town, but that doesn’t fall under the state’s criteria. He said officials will be huddling to decide how best to use the money.