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Givemeliberty - Proposed Illinois legislation would ban powdered alcohol - Quincy, IL News - QuincyJournal.com
Statism: "Ideas so good they have to be mandated" "We don't need people spiking beverages" Sen. Ira Silverstein you sir are a statist, and upon reading this I spiked my coffee with a little bourbon just because I can.
CoolEdge - Police-fire pensions to go up in smoke? - Quincy, IL News - QuincyJournal.com
You seem to be conflating Private Unions, with Public Unions. I'm quite aware of the difference ... I'm not conflating. Public unions are "worse", imo, because they influence elections. They mostly stand together in "solidarity" under the AFL-CIO banner. You say public unions should not strike, but of course they DO. Blue Flu ... it may be going on right now, to some extent ...…
Givemeliberty - Police-fire pensions to go up in smoke? - Quincy, IL News - QuincyJournal.com
What would be the harm with going forward and converting pensions to 401k's for any public sector employee who has 10 years or under, and any new hires? Phasing out pensions. This would give the employee more control of their retirement and not unaccountable politicians. This could also be rolled into a way to phase out SS for anyone who chooses.
Sv3 - Police shooting, pursuit in Downtown Hannibal - Quincy, IL News - QuincyJournal.com
Hmmm... I wonder if the "Hands up don't shoot" crowd will care about this one.
WmMunny - Police shooting, pursuit in Downtown Hannibal - Quincy, IL News - QuincyJournal.com
People play stupid games. People win stupid prizes.

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Are Illinois’ $1.5 billion in tax giveaways working?

11 months, 2 weeks ago by Ben Yount, Illinois Watchdog

Illinois’ economic development office insists its numbers show tax incentives do indeed work and produce jobs

Illinois is two months into an ongoing investigation over whether $1.5 billion in tax breaks and tax incentives are working.

The answer is definitively indefinitive: We don’t know.

“I have not seen anything that, verifiably, show these things work,” said state Rep. Jack Franks, D-Woodstock, in charge of one of two statehouse committees investigating the incentives.

But Illinois’ economic development office insists its numbers show tax incentives do indeed work and produce jobs.

The numbers from the Illinois Department of Commerce and Economic Opportunity claim tax incentives helped create 4,671 jobs and bring in business investments worth nearly $3.7 billion in 2012.

Franks isn’t buying it.

“DCEO (argues) somehow there is a 4 /12-time return on investment,” Franks said. “But two weeks ago they argued it was an eight-time return on investment.”

Franks said it’s not just that numbers change, but even the state’s success stories aren’t all that successful.

“Even though DCEO has given 770 economic incentives contracts, less than 300 of them have ever been fulfilled,” Franks said. “And very few go to the vast majority of our businesses. Ninety seven percent of our businesses are 20 employees or less, and less than 10 percent of those companies have (gotten an incentive).”

Categories of tax breaks vary, from manufacturers who buy new machines to retail stores that collect sales taxes to big companies that want special treatment to move to Chicago. If they don’t work for most businesses in Illinois, then who do they work for?

Ted Dabrowksi, vice president of policy for the Illinois Policy Institute, said the select few companies with enough clout to get a sweetheart deal are beneficiaries.

“If a company is receiving hundreds of millions of dollars in benefits, sure it’s working for them,” Dabrowski said. “But we have to ask he question: ‘Who is paying for that?’.”

The Illinois Legislature’s Commission on Government Forecasting and Accountability said taxpayers ultimately foot the bill.

“With over $1.15 billion in business-related tax expenditures currently offered, the cost of these job-enticing dollars are significant,” a COGFA report on tax incentivesstates. “The difficult question becomes, are these tax incentives really worth the cost?”

Franks has doubts.

“The only reason we should be having these incentives for businesses is to create jobs,” Franks said.

Illinois Gov. Pat Quinn’s administration insists the state is creating jobs.

“We are a net importer of jobs,” DCEO director Adam Pollet told lawmakers Wednesday. “We gained 1,400 jobs from business relocation in 2012.”

But Illinois’ unemployment rate, at 8.2 percent, is nearly two points higher than our neighbors and the rest of the nation.


From the Newsroom

Bob Gough on Twitter

Bob Gough 16 minutes ago

RT @Paul Finebaum: Watching the histrionics of #DeflateGate on the Sunday shows and thinking of Macbeth: ``Full of sound and fury signifying nothing.''
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QuincyJournal 39 minutes ago

Police shooting, pursuit in Downtown Hannibal - Missouri State Highway Patrol brought in to investigate http://t.co/UDdDqKJiXt
Bob Gough on Twitter

Bob Gough 2 hours, 12 minutes ago

RT @Paul Lukas: Intentionally deflated footballs or just some old balloons? Either way, this is pretty funny. http://t.co/Vdz5tuBAr4
Bob Gough on Twitter

Bob Gough 10 hours, 18 minutes ago

RT @Malka: "Invitation for Bibi to speak is an affront to the dignity of the administration" http://t.co/68187l0oJF