Saturday, Jul 26, 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

GoQuincy - Second break-in suspect identified - Quincy, IL News - QuincyJournal.com
Hope he enjoyed the last 4 days of freedom because that is the last he will have for quite sometime! He will still be looking over his shoulder.
CoolEdge - Illinois gets below-normal rain and temperatures - Quincy, IL News - QuincyJournal.com
Funny, I always hear the global warming nuts claim a hot day is from global warming. Of course, a one degree change over 100 years is not noticeable by anyone. But there may not really be any warming, since the urban heat island effect was not well accounted for. And Al Gore isn't a guy doing, you know, science. He is a politician now activist that had his net worth go from $2 million to over…
gothamtroll - Second break-in suspect identified - Quincy, IL News - QuincyJournal.com
Well he certainly covered some ground unlike his partner. I would certainly love to commend both the Marshals and local authorities on well conducted communications in an expedited effort to capture Kelly despite him quickly heading south eastward.
WarCry - Burlington, IA considering requirement for toy gun cases - Quincy, IL News - QuincyJournal.com
It's a cascading problem. Starting in the late 70s, early 80s, hunting became less and less. Parents stopped teaching their kids about firearms and gun safety, and the world because more suburban. Now those kids are adults and the only thing they know about guns is what they get in movies. And so they teach their kids that guns are bad, and the problem worsens. It's not any one thing causing…
gothamtroll - Burlington, IA considering requirement for toy gun cases - Quincy, IL News - QuincyJournal.com
Well I'm certainly glad I've long since lost/misplaced my childhood super soakers and cap gun. I'd hate to think I could potentially be punished by law for having had those 'out in the yard'. Yet again, policy makers grasping for straws. What next? My metallic painted handcuffs that have a release switch on the side? Are they going to deem my having those as impersonating…

Most Popular

Intimidation from Durbin?

Quinn anti-violence spending didn’t pull big votes

Woman dies after SUV and motorcycle collide

Armed Robbers at Large in Quincy Updated

Adams Co. Divorces for 7/23

Second break-in suspect caught Updated

Rural Quincy man found to be growing marijuana

Arrest made in Keller Marina boat theft

Illinois' budget plan requires trust

4 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

QuincyJournal on Twitter

QuincyJournal 55 minutes ago

Former Liberty School employee gets 4.5 years for sex with a minor http://t.co/ckItUfVbv2
Bob Gough on Twitter

Bob Gough 1 hour, 28 minutes ago

@williamfleitch @KeithOlbermann If she was a ninja and Ray still took her out, then I should probably move him up my FFL draft board.
QuincyJournal on Twitter

QuincyJournal 1 hour, 46 minutes ago

Obamacare architect admitted in 2012 states without exchanges lose subsidies http://t.co/UasX2ZdsAc
Bob Gough on Twitter

Bob Gough 4 hours, 37 minutes ago

@KeeneMLB @Ben_WGEM I hope they don't overpay for Kurt Suzuki.