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Wednesday, Nov 26, 2014
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4tolerance - Quincy City Council votes to sell defaulting loans - Quincy, IL News - QuincyJournal.com
If I am not mistaken, the loan amount from the revolving loan fund has a maximum of $50,000 and cannot exceed the amount of the participating bank's loan. If I am correct on that, which I may or may not be, then Bank of Quincy would have a minimum of $50,000 loaned on each originally. The City will take a hit of $83,754 and BOQ will have a loan balance of no less than $113,754 + $30,000 in buying…
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I love you RUHEARINGVOICES... You hit the nail on the head... My goal is to acquire the lowest negative score ever from these hopeless conservatives. They are incorrigible. Faux news is not fair and balanced. It is outdated an unimaginative like the Old Testament.
Cardinalquincy - Darren Wilson Grand Jury evidence and testimony - Quincy, IL News - QuincyJournal.com
Darren Wilson? Is he like the Ferguson, MO version of Quincy, IL's Timothy Bichsel?
Cardinalquincy - Darren Wilson Grand Jury evidence and testimony - Quincy, IL News - QuincyJournal.com
Darren Wilson? Is he like the Ferguson, MO version of Quincy, IL's Timothy Bichsel?
AYHSMB - Bruce Guthrie named director of The District - Quincy, IL News - QuincyJournal.com
Wow. This guy sounds like a good choice to get the Gems going again. The OLC should look him up.

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Illinois lawmakers push for state retirement plan

7 months, 3 weeks ago Associated Press

Calls for workers to enroll in state-run retirement plan if their employer doesn't provide one

From Associated Press:

Opponents of a proposed state retirement savings program for private-sector workers say the Democratic-backed plan would burden small businesses in an already struggling economy.

Similar to a plan pushed by President Barack Obama in his State of the Union address, the proposal sponsored by state Sen. Daniel Biss cleared a Senate committee earlier this month after lengthy debate. Now Biss has until an April 11 deadline for voting bills out of the Senate to gather support for the program, which has failed to gain approval in recent years.

The proposal calls for businesses without retirement plans and that have 10 or more employees to enroll workers in a savings program overseen by the state. Typically, 3 percent of each participant's paycheck would be pooled into a privately managed investment account overseen by a new state board. Employers would be required to sign up workers, but employees could opt out.

Biss wouldn't call the plan a part of the populist agenda in an election year but said "it is encouraging that there's so much discussion about ways to build ladders into the middle class for low wage workers." He says this program would help millions of Illinoisans who don't have access to employer retirement savings programs.

"I think the increasing discussion about income inequality has left people seeking a mechanism to address that growing problem, but also a mechanism that's not costly for government or for employers when we're experiencing still a far too high rate of unemployment," the Evanston Democrat said.

Democrats who control the Illinois House and Senate are pushing for a minimum wage increase, a graduated or "progressive" income tax that would require more from the wealthy and a tax on millionaires to fund education.

Business groups and Republicans who oppose the plan are asking instead for a study to determine if this plan could work, and they say they would partner to educate workers about saving for retirement.

Kim Clarke Maisch, the Illinois state policy director for the National Federation of Independent Business, said forcing businesses to enroll employees would add to costs and actually hurt low income workers.

"If you can't pay down your credit card and you can't afford groceries, and you can't afford gas for your car, do you really think that forcing them to take 3 percent out of their paycheck makes sense?" Maisch said, adding that the state shouldn't touch private sector retirement dollars after failing to manage public employee pensions.

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