The Evanston Reparations Committee heard a presentation from Wendy Ryce Smith, regional director of Liberty Bank in Chicago, at its meeting Thursday. At its April 4 meeting, the committee announced they would be depositing the Evanston Reparations Fund into Liberty Bank, one of the nation’s largest Black-owned financial institutions. A minimum of $17 million will.
The Reparations Committee announced that it will deposit the Evanston Reparations Fund into Liberty Bank, one of the largest Black-owned banks in America, at the committee’s Thursday meeting. Effective immediately, a minimum of $17 million will be deposited. “Seventeen million dollars in a Black bank is going to give more lending power and access to.
Taxation, state benefits could be impacted by direct cash reparations payments in Evanston chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.
Concerns about the taxability of direct cash reparations payments and the impact they could have on the recipients’ eligibility for state aid programs remain part of the discussion surrounding the expansion of Evanston’s reparations program. Evanston City Council unanimously approved the formation of a direct cash payment option in March but questions about the taxability of direct funds have .