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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
May 06, 2009
Page
4
Lorain based LNB Bancorp reports a first quarter net income of 1.317 million dollars or 14 cents per diluted share down from 1.447 million dollars or 20 cents last year. President Daniel Klimas calls the results a positive sign for the bank’s earnings trajectory.
The Associated Press reports April income tax receipts fall $322 million short of projections as Ohio faces a budget gap. Officials cite a $948 million rainy day fund as a possible two year buffer while agencies retain about 3.8 billion in spending for the next two months, much of it fixed obligations like debt service and Medicaid. Governors and lawmakers weigh options.
STAND Inc. president ELYRIA's Zubaidah asks Ohio Auditor Mary Taylor for a special audit of Lorain County Prosecutor Dennis Will covering 1998 1999 and 2000. He cites a 2004 Burge letter alleging dual duties while Will served as Elyria police captain and prosecutor.
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