Wednesday, Aug 27, 2014
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Related Headlines

Income tax question looms as Gov. Quinn prepares for budget speech

Recent Comments

Bdizzil - Committee sends new garbage and recycle trucks plan to Quincy City Council - Quincy, IL News - Quinc
why does the city counsel want to stay in the trash bussiness. When there is more pressing matters to tend to?!?
Bdizzil - Committee sends new garbage and recycle trucks plan to Quincy City Council - Quincy, IL News - Quinc
WELL SAID
DRUM57IX - Committee sends new garbage and recycle trucks plan to Quincy City Council - Quincy, IL News - Quinc
At the very least, deal with the parasite that is recycling. Its a complete money pit, costing the city more money to dump recycle than it is to just take that waste and put it in a landfill...not to mention, it puts more trucks in service, costing more to maintain, and more guys to use those trucks...AND IT DOESN'T COLLECT ANY REVENUE FOR THE CITY! Either charge people to recycle, or get rid…
CoolEdge - Committee sends new garbage and recycle trucks plan to Quincy City Council - Quincy, IL News - Quinc
Before going with the new trucks version, offer the private company a six year (instead of ten) deal, at a 15% discount from their current price. If the council votes that they would approve that, the company might jump at it. (no idea if they are legit, or union, or what) What does Mrs. Hackamack suggest? Does the "old guard" have a better idea, that isn't just about protecting city workers?…
CoolEdge - Lovelace indicted in wife\'s death - Quincy, IL News - QuincyJournal.com
"former Adams County Assistant State's Attorney and a former member of the Quincy School Board" WOW ... so they draw the line at murder? The protected elite class can't really get away with anything and everything? Of course there is still a long ways to go, due process, especially for the connected, and all that. Is he closely related to any prominent judges, or is murder too…

Most Popular

Lovelace indicted in death of first wife Updated

City of Quincy looking to buy new garbage and recycle fleet

Quinsippi Yacht Club hosting Hogback Party on Saturday

Committee prepares to hear Garbage and Recycling pitch

Quincy School Board gets first look at $70.3 million budget

Gems sale not yet final

Mercantile Vice President appointed to the Trust Education Foundation Board

Adams Co. Real Estate Transfers from Aug. 18 to Aug. 22

Illinois' budget plan requires trust

5 months, 2 weeks ago herald-review.com

Five-year plan would allow the state to pay off its $5.4 billion of unpaid bills

From herald-review.com:

Chicago's Civic Federation has proposed a reasonable and balanced approach to extract Illinois from its current financial mess.

The problem is trusting the current state government to do anything that's reasonable and balanced.

The federation unveiled a five-year plan this week that would allow the state to pay off its $5.4 billion backlog of unpaid bills and would also avoid extreme budget cuts.

The plan calls for extending the temporary income taxes that are scheduled to expire at the end of this year for one year and then eliminating those taxes over the next four years. In addition the plan calls for taxing retirement income. Illinois is one of three states that exempts pension income from income taxes and one of 27 states that doesn't tax Social Security income.

Coupled with the pension reform proposal approved by the legislature, the Federation's plan ``would finally allow the state to move beyond what has become a perpetual fiscal crisis,'' Civic President Laurence Msall said.

The expiration of the lame duck tax rates at the end of this year will cause the state to lose more than $1.7 billion in tax revenues next year and more than $4 billion in fiscal year 2016. Gov. Pat Quinn has yet to unveil his plan for the taxes, although most expect the issue won't be addressed until after the November elections.

The tax issue is sure to be controversial and taxing the income of retirees will not be an easy sell.

The Federation should be applauded for putting forth a well-reasoned plan.

But the plan ignores this reality: Taxpayers have no reason to trust state government.

For example, when the lame duck tax increases were pushed through in 2011, Democratic leaders promised that the money would be used to pay off the backlog of bills and that pension reform would be addressed. Pension reform was delayed for nearly three years and while the backlog of bills has been reduced, it is far from eliminated.

Instead, we see a myriad of examples where state money has simply been wasted – the latest being Gov. Pat Quinn's questionable spending of $55 million to reduce violence in Chicago neighborhoods. In numerous ways, the state has used taxpayer money to continue its free-spending ways.

The Federation plan – at its most basic – is asking taxpayers to bail out state government for poor management in the past.

The issue boils down to a simple question: Given the state's track record, why should taxpayers trust our state government to use hard-earned taxpayer dollars wisely?

Click Here to Read Full Article


From the Newsroom

Bob Gough on Twitter

Bob Gough 1 hour, 5 minutes ago

@ursadailynews Somebody needs to wear their seatbelt. #dontyouknowwhoiam
Bob Gough on Twitter

Bob Gough 2 hours, 48 minutes ago

RT @jasonrmcintyre: ESPN's President personally reached out to Jeff Fisher to apologize for Showergate ['gate' is mandatory, right?] http:/…
QuincyJournal on Twitter

QuincyJournal 3 hours, 15 minutes ago

Lovelace indicted in wife's death - Cory Lovelace died in 2006; Former Adams Co. Assistant State's Attorney taken ... http://t.co/sMP48UsnXQ
Bob Gough on Twitter

Bob Gough 6 hours, 3 minutes ago

@Survey1215 Matheny needs to play a bunch of @StratOMatic this offseason. Like 10,000 games.