Thursday, Oct 2, 2014
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Recent Comments

qfingers - Mayor Moore discusses Newcomb proposal - Quincy, IL News - QuincyJournal.com
It's not tax abatement...it's a tax refund which is a financing tool. And there's lots more than what is listed on your link It's a rather long section of 65 ILCS 5/11-74 http://www.ilga.gov/legislation/ilcs/ilcs4.asp?Ac...
Givemeliberty - Iowa company pitches Newcomb development proposal - Quincy, IL News - QuincyJournal.com
The pill Hobart is wanting the city to take would be easier to swallow, if they were bringing American Family, AT&T, Motorola, or something like it to fill up this building with 300-400 Jobs. Sadly though projects like the one I just described or the Newcome Lofts will only come to this area with help from the City or County (not saying the city should give in to all of Hobarts demands) because the…
UrKidsWillPay - Mayor Moore discusses Newcomb proposal - Quincy, IL News - QuincyJournal.com
The TIF district does not include a Property Tax abatement. Those are features of the Enterprise Zone which this site is not a part of. Would like to know how we are going to force that one through against our rules.....not that I doubt they will do it. Take a look at the eligible TIF expenses and tell me where they are going to lie to us to classify 1.8 million of a 4 million project as TIF eligible.…
UrKidsWillPay - Quincy Police Blotter for September 30, 2014 - Quincy, IL News - QuincyJournal.com
Could be or it could be for a burnout. which could be defined as unsafe because you lack complete traction. Or it could be for accelerating too fast but not buring the tires and without going over the speed limit. or she could have exited a private drive like the bowling alley without properly yielding.
qfingers - Mayor Moore discusses Newcomb proposal - Quincy, IL News - QuincyJournal.com
Just remember that getting taxable property there doesn't bring in any extra $$ for the city. What it does is lower property taxes for the rest of us. Obviously more $$ back for more expensive properties (i.e. same % saved across the board). By the same token the TIF district raises our taxes until such time as the TIF expires. That's because some of the tax $$ are diverted to a special…

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Poll shows opposition to extending tax hike

6 months, 1 week ago From pantagraph.com

From From pantagraph.com:

As Gov. Pat Quinn prepares to deliver his annual budget speech Wednesday, a new poll shows Illinoisans strongly oppose extending the state's temporary income tax increase.

The results of the survey by the Paul Simon Public Policy Institute at Southern Illinois University in Carbondale mirror the tough choices facing Quinn and members of the General Assembly as they head toward a May 31 target to have a new spending plan in place.

Although the poll showed 60 percent of the 1,001 registered voters strongly opposed extending the tax increase when it begins to roll back on Jan. 1, it also found opposition to cutting money for schools, prisons, police, parks, pensions and programs for poor people.

John Jackson, one of the SIU political scientists directing the poll, said the results "point to a basic incongruity in public opinion."

"This contradiction has produced the state’s structural budget deficit, which has proved to be very difficult for political leaders to address," Jackson said.

Quinn, who is in the midst of a re-election battle against Republican Bruce Rauner, will outline a financial blueprint Wednesday that is expected to address how he plans to deal with the reduction of the state's income tax rate from 5 percent to 3.75 percent.

The estimated $1.6 billion in lost revenue from the rollback comes as costs for some programs are on the rise, bringing the total funding gap to about $2.3 billion, according to Democrats in the Senate.

To highlight the tough choices facing lawmakers, lawmakers held a hearing Friday in which Quinn's top aides outlined what would happen to various state programs if a 20 percent budget cut were imposed.

Along with closing multiple state prisons and slashing funds for schools, the aides said such a reduction would gut spending on programs for seniors and poor people.

Quinn originally was scheduled to deliver his budget address more than a month ago. He has not said how he plans to handle the tax cut.

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