Saturday, Dec 20, 2014
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Income tax question looms as Gov. Quinn prepares for budget speech

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samthebutcher - Mays not seeking re-election to Quincy School Board - Quincy, IL News - QuincyJournal.com
A public figure that did a good job mixing things up. I did not agree with him many times, but glad he was there to balance the board(he really does love the sound of his own voice). It is important to know when to exit the stage, I think he is doing that at the right time.
Peoplechamp31 - QPS Board approves higher 2014 tax levy - Quincy, IL News - QuincyJournal.com
Maybe you are the guys that went south! Must like the buddy system that has been goin on for years! Take off your blinders and look at some of these people and there back rounds (education, work experience). I can't wrap my head around a janitor giving advice on construction aspect of a building! This Peters guy should not of said that! I looked up his past wage and experience! Wow! Went from…
whiner1 - \'Interview\' pulled after threat; U.S. says North Korea behind Sony hack - Quincy, IL News - Quincy
I agree this movie is probably crap. What nitwit thought this was good subject matter. North Korea may not be a great nation, but joking about assassinating the leader of any country seems in poor taste. I think the sony boys were just stupid and now the war mongers are rattling their sabres. The first amendment protects stupidity, it just can't prevent it.
chebby79 - Mayor Moore talks garbage...again - Quincy, IL News - QuincyJournal.com
this $1000 for wear and tear on the streets "tears" me up. years ago, Good Sam wanted to put about 50 cluster homes south of Cherry Lane about were 18th St would be if it went thru. This was going to require truck load after truck load of fill to be hauled in on the old beat up Cherry Lane. I addressed the planning commission with the question of who was going to fix the street. They all looked at…
chebby79 - Mayor Moore talks garbage...again - Quincy, IL News - QuincyJournal.com
yep, and he opened this can of worms. I have forgotten.... if the city went totally private which was the way Moore was leaning, were the private haulers still going to pay a separate fee???

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Illinois' budget plan requires trust

9 months, 1 week 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?

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