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chebby79 - Instead of improving business climate, Durbin vilifies Illinois business looking to leave - Quincy,
maybe if the US wasn't so busy "policing" the globe we could lower the tax rate.
TheyRclueless - Quincy School Board votes to raise lunch prices - Quincy, IL News - QuincyJournal.com
Migraine....do you take all the deductions on your income tax returns that you "qualify" for? Im guessing yes, yet you are critical of others for doing the same thing. I don't disagree that maybe something is wrong with the guidelines but it is what it is and that's NOT the school system's fault. And Huggie....how do you know that no one checks what someone puts down? Im guessing…
qcstylee - New Illinois law bans employers from conducting background checks on interviewees - Quincy, IL News
People do change. If you're going to judge someone based on something they did 8 or 10 years, when they have to check the"yes" box to the question of, "Have you EVER been convicted of a felony?" Then I'm glad they're making this a law. I've been denied employment AND publicly humiliated when a potential employer looked through my application several years ago, and in front of everybody…
MrAverageGuy - Second break-in suspect identified - Quincy, IL News - QuincyJournal.com
How stupid can a guy be. He just gets out of jail, and then pulls a dumb move like that. Looks like he's gonna be in and out of jail the rest of his life.
hug_a_bear - Quincy School Board votes to raise lunch prices - Quincy, IL News - QuincyJournal.com
Migraine it's not just morally wrong its embarrassing. I know moms that lie about their income. They stand in line at the sign up table and giggle about it. Then they skip out to there brand new SUV like its no big deal. No one checks to see if what you wrote down is correct. No pay stubs, W-2s or income tax return needed. I don't have a new car and my kids may not be in dance, but at least…

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New money, old problems for Illinois

1 year, 5 months ago by Denise Donley

But State Rep. John Bradley is squashing any hopes that Illinois has “new money” to spend

Illinois’ economy is growing – by just enough to pay the state’s skyrocketing pension tab.

Both Illinois Gov. Pat Quinn’s office and the legislature’s economic forecasting panel told lawmakers late Tuesday they expect about $1 billion in new tax dollars for the next budget.

But State Rep. John Bradley, D-Marion, is squashing any hopes that Illinois has “new money” to spend.

“I don’t want anybody to think the state of Illinois has a bunch of money, it doesn’t,” Bradley said.

Bradley and his House Revenue Committee are trying to pin down a dollar amount for the legislature’s spending cap. Lawmakers have set a hard cap for the past few years, then forced Quinn to live with the budget lawmakers write.

The current budget cap is $33.7 billion. Both the governor’s office and the legislature’s Commission on Government Forecasting and Accountability talked Tuesday of revenues just over $35 billion.

But Bradley said pension costs alone will eat up any growth in state money. Illinois’ pension payment is set to increase $1 billion in the new budget.

“The state is still upside down, there is more work to be done. Maybe we’ll have enough breathing room to make the pension payment for another year. But that’s all I can say on that,” Bradley said.

In addition to the increased pension payment, Illinois will face as much as $9 billion in unpaid bills, hundreds of millions of dollars in unpaid employee health care bills, and pressure to increase spending on education and human services.

The potential billion dollars in revenue growth comes with a warning.

Dan Long, COGFA’s executive director, said Illinois still faces “roadblocks” to economic growth.

“We are slow to rebound,” Long told Bradley’s committee on Tuesday. “Illinois is not recovering as quickly as many other states or as the country as a whole.”

Long also warned about increasing state spending ahead of the scheduled end to Illinois’ “temporary” tax increase.

In early 2011, Illinois lawmakers raised the state’s 3 percent individual income tax rate to 5 percent. The 4.8 percent corporate tax rate jumped to 7 percent. But those rates will drop in 2014, individuals are supposed to see their tax rate fall to 3.75 percent, corporations are supposed to see their rate drop to 5.25 percent.

“That is our fiscal cliff,” Bradley said. “When the temporary tax increase starts to expire … it will have a $5 billion impact the first year.”

Bradley said he wants to keep state spending in check this year to “work the state into a position” to allow that tax increase to expire.

The spending estimates come ahead of Gov. Pat Quinn's State of the State address Wednesday.

Bradley is quick to say the governor needs to look at the full picture, not just the $1 billion in expected new tax dollars.

“He needs to be straight with the people of Illinois,” Bradley said. “He needs to be straight in terms of where we’re at. Where he wants to go, and not play games with the numbers.”


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