By Benjamin Yount, Illinois Watchdog
Thursday, Oct 30, 2014
Quincy, IL News - QuincyJournal.com
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1950Brutus - Amazon to open facility in Illinois, hire 1,000 - Quincy, IL News - QuincyJournal.com
I am not blaming anyone - I do my own taxes and I am lazy. What does "illegally defrauding Illinois" mean if it is not an accusation that one didn't pay their taxes??
GuyFawkes10 - Amazon to open facility in Illinois, hire 1,000 - Quincy, IL News - QuincyJournal.com
10-23-14 "Amazon posted its third quarter earnings results today and they were not pretty: the company said it had a operating loss of $544 million, more than twenty times what was lost for the same period in 2013. Its revenues grew to $20.84 billion, an increase of 20 percent over the same period last year, but less than what investors were expecting. In its projections for next quarter, Amazon said…
UrKidsWillPay - Amazon to open facility in Illinois, hire 1,000 - Quincy, IL News - QuincyJournal.com
If you actually did pay the use tax on line 23 you are exceptionally unusual and I never accused you of not paying your use tax. As far as over paying your use tax, that is no ones fault but your own (don't blame your accountant or tax preparer you are responsible for everything that goes on your tax return). Line 23 can be used to report ACTUAL use tax owed or you can use the USE TAX TABLE…
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I am as cynical as they come - even I wouldn't believe the smoke bomb theory - Rosie O'Donnell probably would.
QuincyJournal - Baldwin School evacuated following smoke in building - Quincy, IL News - QuincyJournal.com
Or the voters might allow the school district to take care of that on Tuesday. And, no, I don't believe anyone with the School District shoved smoke bombs in the vents...although I'm guessing some of the grassy knollers thought that when they read the story. BG

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Illinois pension reform numbers not kind to taxpayers

Illinois pension reform numbers not kind to taxpayers

1 year, 2 months ago By Benjamin Yount, Illinois Watchdog

Illinois’ public employees could pay less for their own retirements

SPRINGFIELD  —  Illinois’ public employees could pay less for their own retirements.

And, they still could leave the job as young as 55 and cash in a pension for as much money as they can get, leaving taxpayers on the hook for most of the costs under the latest pension “reform” plan in the state.

Details are leaking out of Illinois’ special pension committee, the group of lawmakers tasked with fixing the state’s worst-in-the-nation pension systems. But state Rep. Elaine Nekrtiz, D-Northbrook, who leads the panel, said nothing is final.

“No one said ‘yes,’ but no one said ‘no’ either,” Nekritz told the Chicago Tribune.

Republican state SenBill Brady, who is on the pension committee and is running for governor, said there is nothing to vote on yet.

“It’s just a numbers game at this point,” Brady told Illinois Watchdog.

But those numbers do not appear to be stacked in favor of the 95 percent of Illinois taxpayers who do not receive a public pension.

The latest compromise plan is suppose to save Illinois taxpayers $145 billion over the next 30 years. It’s less than the so-called Madiagn plan, SB1, which would save a reconfigured $163 billion by forcing pension changes. But the committee’s plan would save far more than the so-called Cullerton plan, SB2404, which would save just $57.6 billion by giving employees a series of choices.

Automatic cost-of-living adjustments, which have been 3 percent, appear to be on their way out. Instead, pensions adjustments would grow at a rate of about half the amount of inflation. The We Are One Illinois Coalition, which represents state public employee labor unions, said that alone will cost retirees about 25 percent of their retirement benefits.

“Teachers, police, nurses, caregivers … deserve better from the conferees. So does the Illinois Constitution, which lawmakers are sworn to uphold and which provisions of the committee’s outline would directly violate,” a coalition statement read.

Brady was quick to say that “most of the reform savings would come from COLA adjustments.”

But public employees would benefit from three numbers: 1 percent, age 55 and $66,816.

Public employees in Illinois — teachers, state cops, university workers and the like — actually would pay 1 percent less toward their retirement plans than they do now. The average now is about 9 percent.

There are no plans in the latest pension-reform proposal to raise the retirement age. Many public employees could retire at 55 and collect pensions for the rest of their lives.

State Rep. Tom Morrison, R-Palatine, said unless Illinois fundamentally changes the overly generous retirement benefits for public workers, the state will not be able to afford its pension promises.

“We don’t have the (financial) freedom o do half measures. We need to be bold,” Morrison added. “I continue to believe that moving to a 401(k) plan is the only real solution that’s fair for both taxpayers and public employees.”

The average teacher pension in Illinois is $66,816 a year, according to the Illinois Policy Institute.

OpenTheBooks.com founder Adam Andrzejewski said that nearly 9,000 public retirees in Illinois make at least $96,000 a year from their pension, or about $8,000 a month.

Contact Benjamin Yount at Ben@IllinoisWatchdog.org and find him on Twitter @BenYount.


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