Monday, Oct 20, 2014
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Givemeliberty - Raw milk industry draws attention from Illinois regulators - Quincy, IL News - QuincyJournal.com
With everything we have going on in this state and they are on a raw milk kick? Americans have been buying and selling farm produce at the local level for centuries, just leave it alone. Why do they always have to step in and put their grubby little paws on every frickin thing we do? I am a consumer of raw milk, and I am capable of nourishing my own body, leave me and my farmer alone and do something…
pjohnf - Bill Clinton to address workers at pro-Quinn rally - Quincy, IL News - QuincyJournal.com
So does that mean your okay with a lying adulterer, accused of sexual assault, disbarred lawyer, lying, impeached ex-president?
Givemeliberty - Bill Clinton to address workers at pro-Quinn rally - Quincy, IL News - QuincyJournal.com
So true and its usually the voters that make me want to pull my hair out not the politicians. The dem voters have always been upset about corporate welfare/ favoritism, and sending jobs over seas until Obama got elected. Not long after he was elected the Republicans became concerned with the Patriot Act, and hawks on our privacy. The majority of voters talk and act like they have issues they care…
quincymike - School Board to outline plans for savings, old buildings if referendum passes - Quincy, IL News - Qu
#1. The board, from what I understand, has basically stated that impact on property taxes should be negligible. That is mostly because of the huge decrease in Life safety bonds that have to be issued. and the expiring existing school bonds, and net savings from operating new "energy star" buildings". You have to understand that Life Safety bonds can be issued with out tax payer approval. These…
WarCry - School Board to outline plans for savings, old buildings if referendum passes - Quincy, IL News - Qu
What would you propose they do with the QAVTC in that case? They teach more than just the high school students there, you know.

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State lawmakers set to consider reforms for controversial tax credits

9 months ago from Chicago Tribune

From from Chicago Tribune:

Illinois lawmakers are set to meet Friday morning in Chicago to consider possible reforms to a controversial state tax credit program. 

Critics of the program known as EDGE point out how companies have qualified for millions of dollars in incentives even as they laid off hundreds of workers or failed to create promised jobs. Concerns also have been raised over the lack of information made public on negotiated deals and how special tax breaks largely go to big companies.

A case in point is Motorola Mobility, which laid off more than 1,000 workers in 2012 and fell below its requirement to retain at least 2,500 jobs but was still eligible for a tax credit worth about $11 million.

The company has said its incentive is assessed and disbursed quarterly, allowing it to draw a credit for the quarters it meets its job retention commitments. Motorola Mobility is the only one allowed to draw credits quarterly, according to a spokesman with the Department of Commerce and Economic Opportunity, which administers the program. And it doesn't have to create a single job, according to its contract with the state.

The Libertyville-based company, owned by Google, is among nine companies in the program allowed to keep their employees' tax withholdings. Archer Daniels Midland and Office Depot were among a half a dozen companies that failed to get that special incentive last year.

Since the EDGE program was created in 1999, the state has pledged more than $800 million in tax incentives to about 300 companies. Nearly half of those pledges were made in 2011 and 2012. The large increase is partly due to more companies joining the program and to the rise in the personal income tax rate, a factor in determining the value of the incentive.

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@Ben_WGEM Nothin to lose.