Thursday, Oct 2, 2014
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Recent Comments

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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Illinois Senate advances ADM tax break bill, House fails to act

Illinois Senate advances ADM tax break bill, House fails to act

9 months, 4 weeks ago Reuters

Bill not expected to be taken up till Spring session

From Reuters:

The Illinois Senate on Tuesday passed a bill that would offer incentives for Archer Daniels Midland Co to keep its global headquarters in Illinois.

ADM has been the dominant corporate presence in the central Illinois city of Decatur for 44 years. Its disclosure in September that it was seeking a new global headquarters shook Decatur and brought other cities, including Chicago, into a contest to land a new corporate nameplate.

The bill would provide tax benefits worth between $20 million and $25 million over the next 15 to 20 years. In exchange, ADM would locate its global headquarters in Chicago, moving 100 jobs there, while also adding 100 jobs a year in Decatur over 5 years.

"It facilitates job creation both in the City of Chicago and a downstate community," said State Sen. Andy Manar, a Democrat, who sponsored the bill. "Those are two areas of the state that typically get pitted against each other."

The Senate voted 39-14 during a one-day session of the state legislature that was called mainly to address pension reform in Illinois. It was not immediately known when the House may vote on the bill.

"Given that the House did not act, we will review our options," said ADM spokeswoman Jackie Anderson. "We expect to make an announcement soon."

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