Doug Finke, Gatehouse Media Illinois
Thursday, Nov 27, 2014
Quincy, IL News - QuincyJournal.com
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qfingers - Jail Committee to draft ¼ per cent sales tax ballot resolution - Quincy, IL News - QuincyJour
The number required to do away with sales tax is an additional 15% on top of what we already pay. So it would be 22.75%. http://www.cato.org/publications/commentary/consi... And the universal rebate would make it progressive so it's really not too bad an idea if we can get rid of the IRS in…
qfingers - Jail Committee to draft ¼ per cent sales tax ballot resolution - Quincy, IL News - QuincyJour
Do you really need a reply to your sarcasm? At least I assume it was sarcasm?
Stupid_Dems - Debate continues on how to go about building Quincy\'s new schools - Quincy, IL News - QuincyJournal
The voters who approved this referendum also expected the construction work and engineering work to be LOCAL. But the Board has went out of town many times over the years most recently they went to Rockford for their printer business. They don't mind taking money from the local taxpayers but don't seem to feel the local folks are good enough to provide the services needed. Hannibal had no…
LNeck2012 - Debate continues on how to go about building Quincy\'s new schools - Quincy, IL News - QuincyJournal
Well let's look at this. A failed construction worker and a a total tool bag want to hire a construction manager knowing full well that there would be no point to it, especially when they're from out-of-town, because we have plenty of firms here that can handle it. And they did this just a few months before they're up for re-election? Leroy Jethro Gibbs doesn't believe in coincidence,…
GuyFawkes10 - Jail Committee to draft ¼ per cent sales tax ballot resolution - Quincy, IL News - QuincyJour
Round it up to 15% and do away with IRS

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Income tax question looms as Gov. Quinn prepares for budget speech

8 months ago Doug Finke, Gatehouse Media Illinois

Quinn this week finally will outline his spending plan for the next budget year

From Doug Finke, Gatehouse Media Illinois:
More than a month after he originally was supposed to deliver his budget speech, Gov. Pat Quinn this week finally will outline his spending plan for the next budget year.
When he does, Quinn will have to cope with the fact that a large part of the temporary income tax hike is scheduled to expire midway through the budget year, taking with it more than $1 billion in revenue.
Worse, a budget analysis by Senate President John Cullerton, D-Chicago, showed the budget hole that must be filled in the fiscal year that starts July 1 is $2.9 billion. That’s a combination of lost revenue from expiration of the income tax hike (which he put at $1.6 billion) coupled with spending increases the state cannot avoid, such as Medicaid expenses, contractual pay raises and higher pension costs.
It all will be done against the backdrop of what promises to be a contentious political campaign year in which Quinn, a Democrat, is seeking re-election against Republican venture capitalist Bruce Rauner. Heading into the budget speech, there is agreement that it will be political.
“I do think this will help set a tone for the session and so the fall campaign,” said David Yepsen, director of the Paul Simon Public Policy Institute at Southern Illinois University. “I also expect he’ll start to talk to people in Illinois about just how big the budget challenges are in front of us.”
And, Yepsen said, it probably will be vintage Quinn.
“It’s going to be a populist speech,” he said. “It’s clearly a national Democratic theme. It’s there with Madigan’s millionaire tax. I imagine the word ‘populism’ is going to get used an awful lot in the analyses of the speech.”
House Speaker Michael Madigan, D-Chicago, has introduced a proposed constitutional amendment that would impose a 3 percent income tax surcharge on incomes above $1 million a year. It would raise about $1 billion a year to be used for K-12 education.
“I think people view this as a political speech and a political blueprint,” said Sen. Matt Murphy, R-Palatine, the Senate Republicans’ point person on the budget. “What impact it has on the actual budget is probably negligible.”

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