Thursday, Oct 2, 2014
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qfingers - Mayor Moore discusses Newcomb proposal - Quincy, IL News - QuincyJournal.com
It's not tax abatement...it's a tax refund which is a financing tool. And there's lots more than what is listed on your link It's a rather long section of 65 ILCS 5/11-74 http://www.ilga.gov/legislation/ilcs/ilcs4.asp?Ac...
Givemeliberty - Iowa company pitches Newcomb development proposal - Quincy, IL News - QuincyJournal.com
The pill Hobart is wanting the city to take would be easier to swallow, if they were bringing American Family, AT&T, Motorola, or something like it to fill up this building with 300-400 Jobs. Sadly though projects like the one I just described or the Newcome Lofts will only come to this area with help from the City or County (not saying the city should give in to all of Hobarts demands) because the…
UrKidsWillPay - Mayor Moore discusses Newcomb proposal - Quincy, IL News - QuincyJournal.com
The TIF district does not include a Property Tax abatement. Those are features of the Enterprise Zone which this site is not a part of. Would like to know how we are going to force that one through against our rules.....not that I doubt they will do it. Take a look at the eligible TIF expenses and tell me where they are going to lie to us to classify 1.8 million of a 4 million project as TIF eligible.…
UrKidsWillPay - Quincy Police Blotter for September 30, 2014 - Quincy, IL News - QuincyJournal.com
Could be or it could be for a burnout. which could be defined as unsafe because you lack complete traction. Or it could be for accelerating too fast but not buring the tires and without going over the speed limit. or she could have exited a private drive like the bowling alley without properly yielding.
qfingers - Mayor Moore discusses Newcomb proposal - Quincy, IL News - QuincyJournal.com
Just remember that getting taxable property there doesn't bring in any extra $$ for the city. What it does is lower property taxes for the rest of us. Obviously more $$ back for more expensive properties (i.e. same % saved across the board). By the same token the TIF district raises our taxes until such time as the TIF expires. That's because some of the tax $$ are diverted to a special…

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Celebrate? Monday is Tax Freedom Day in Illinois

5 months ago By Benjamin Yount | Illinois Watchdog

All money earned to that point goes towards taxes

Illinois workers have to get to the end of the day Monday before they can start working for themselves.

Illinois’ Tax Freedom Day, the day workers have earned enough to cover their federal, state and local tax bills, is Monday.

Travis Akin,executive director of Illinois Lawsuit Abuse Watch, says part of the blame is the state’s judicial hellhole.

“The hidden lawsuit tax,” Akin explained, is an estimate of the cost of what it costs taxpayers to litigate the thousands of cases that go through Illinois’ courts each year.

“The latest figure is $857 per person, per year,” he said.

Akin said taxpayers see their property tax bill each year, and they notice when more money is taken out of their paychecks. But taxpayers don’t see the true cost of the courts.

“These are the costs that are built into the price of goods and services,” Akin said. “When a company is sued, they don’t absorb those costs. Just like when we raise taxes on businesses, those costs are passed along.”

Akin said Illinois’ judicial hellholes — Madison County, St. Clair County and Cook County — do nothing to trim the cost of the judicial system.

Akin’s group has long pushed for tort reform and is critical of what it calls jackpot justice in Illinois and across the country.

Illinois taxpayers are the seventh to the last in the nation to reach Tax Freedom Day.  New Jersey has the latest Tax Freedom Day, May 9.


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