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City Of Dixon Considers What To Do With $40-Million Dollars

Fri, 04 Oct 2013 08:01:37 CDT
By: AP

Residents of Dixon will get a chance to weigh in on how the Lee County community should spend $40 million it's getting as part of a legal settlement. The city will hold a town hall meeting next Thursday to discuss the out-of-court settlement with a bank and auditor it accused of not doing enough to expose former Comptroller Rita Crundwell's theft. Dixon lost more than $53 million over two decades to the thieving former bookkeeper. Crundwell was sentenced to nearly 20 years in prison after she pleaded guilty to wire fraud. The city also recouped about $10 million by selling off Crundwell's belongings, but it incurred $10 million in legal and other costs.

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