Thursday, Apr 24, 2014
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yesqcy - City/Firefighters labor contract must be voted on again - Quincy, IL News - QuincyJournal.com
Very true, everyone has to have a first time. But what about the city attorney and the rest of the council? Nobody?
Mizzougrad - Quincy City Budget hearings and Council meeting - Quincy, IL News - QuincyJournal.com
Your right, the pensions that the city chose to underfund for years because they could, and now it's all our fault. For someone in business, don't understand how you do not understand the concept that you close a station, you don't just reassign the firefighters, because then there are no savings. You close a station because you want to lower the number of firefighters, period. You know…
topdown - Quincy City Budget hearings and Council meeting - Quincy, IL News - QuincyJournal.com
Once again, I will ask you: Do you understand business at all? The City can't print money. The police and fire pensions have thrown the entire system so far out of whack that the City can't make "want to" decisions; it is a "have to" situation. You can cry the blues all you want about the poor, poor firefighters, but their greed over the years has contributed greatly to this mess, so what…
topdown - Quincy City Budget hearings and Council meeting - Quincy, IL News - QuincyJournal.com
I haven't read a single comment about laying off firefighters, except, perhaps, from your Chief. You are paid, and paid very well, to do a job. If you don't like it, quit. People will line up to take your spot. No one is complaining about the services you provide. The problem is cost. Why is it so hard to understand that the City coffers are not a bottomless pit? Your pensions have…
topdown - Quincy City Budget hearings and Council meeting - Quincy, IL News - QuincyJournal.com
Your condescending attitude is just plain insulting. Thousands and thousands of small business owners have suffered in this economy over the past decade or so. Should we all "reinvent" ourselves? What an idiotic statement! It is patently obvious to me from the comments you have made in different discussions that you have lived a life of privilege and have never given an honest day's work in…

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State lawmakers set to consider reforms for controversial tax credits

3 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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Bob Gough on Twitter

Bob Gough 1 hour, 45 minutes ago

RT @TheCup14: RT for the #stlblues and favorite for the #Blackhawks. We'll be giving a signed jersey to someone who picked right. #BecauseI…
Bob Gough on Twitter

Bob Gough 1 hour, 56 minutes ago

@ProfessorSAADIA I knew that and heck yes. :)
Bob Gough on Twitter

Bob Gough 1 hour, 59 minutes ago

@ProfessorSAADIA Ponies, perfectly acceptable.
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