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Business News

1002 Results / Page 109 of 112

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Business & Lifestyle

Coles County can’t fix debt by upping assessed value, group argues

MATTOON - Raising the equalized assessed value (EAV) can't dig a county out of millions of dollars in debt, according to a recent argument made by the Edgar County Watchdogs on their Illinois Leaks website. The watchdog group had reported on the Federal lawsuit between the City of Mattoon and Coles County over property assessments for the 2016 tax year. The city is currently $103 million in debt and operating with fiscal deficit of $720,000. Mattoon CUSD #2 is also […]

todayJune 19, 2017 24

Business & Lifestyle

Skillicorn offers insight into budget plan at Crystal Lake town hall

Rep. Allen Skillicorn (R-East Dundee) will talk to constituents about his “Right Now” budget proposal and address concerns about the state’s budget impasse on June 26 at a town hall meeting, according to a press release. The hour-long meeting will start at 7 p.m. at Skillicorn's district office in Crystal Lake. Just before the end of the spring legislative session, Skillicorn filed a budget proposal that balanced the state’s revenue and spending without any tax increases, the press release said, adding […]

todayJune 18, 2017 3

Business & Lifestyle

Carlinville, watchdog group information battle moves ahead

The ongoing tug-of-war between the City of Carlinville and John Kraft took another official step forward when Kraft's attorneys entered their court appearance and filed a motion for partial summary judgment on June 12. Kraft, the co-founder of the Edgar County Watchdogs, filed his lawsuit against the city over Freedom of Information Act (FOIA) requests that he first sent to Carlinville regarding the April elections. He requested recordings of all electoral board meetings for the previous two months and copies […]

todayJune 18, 2017 38

Business & Lifestyle

U.S. lawsuit: Malaysian PM used stolen funds for Leonardo DiCaprio gifts

Elizabeth Shim United Press International WASHINGTON/KUALA LAMPUR (UPI) -- A Picasso painting, a luxury apartment in Manhattan and the movie rights to Dumb and Dumber To are at the center of a U.S. Department of Justice lawsuit that alleges Malaysian Prime Minister Najib Razak stole public funds to benefit himself and family members. Najib, identified as Official 1 in the Justice Department investigations, may have stolen as much as $4.5 billion from 1MDB, a Malaysian sovereign wealth fund that should have […]

todayJune 16, 2017 34

Business & Lifestyle

Russia’s Central Bank sees mid-term risk from oil prices

Daniel J. Graeber United Press International MOSCOW (UPI) -- Crude oil prices are lower than expected following a decision to extend an OPEC-led production deal, presenting a risk to growth, Russia's Central Bank said. Contrasting a decision from the U.S. Federal Reserve this week to raise its rates, Russia's Central Bank said Friday it was cutting its key rate to 9 percent annually. "Mid-term risks remain elevated," the bank's press secretary said in a statement. "First, they are connected with the […]

todayJune 16, 2017 19

Business & Lifestyle

Governor Rauner Calls Lawmakers Back to Springfield to Pass Compromise Balanced Budget Plan

SPRINGFIELD – One day after House and Senate Republicans unveiled a compromise balanced budget plan to end the budget impasse, Governor Bruce Rauner today called lawmakers back to Springfield for a 10-day special session from Wednesday, June 21st through the June 30th fiscal year deadline. “Republicans in the General Assembly have laid out a compromise budget plan that I can sign,” Governor Rauner said in a video announcing special session. “It provides a true path to property tax reduction and […]

todayJune 15, 2017 32

Business & Lifestyle

Local Senior Awarded United Producers Inc. (UPI) 2017 Scholarship

COLUMBUS, Ohio – Ryan Archibald, Nokomis, Ill., was recently awarded a $1,000 United Producers Inc. Scholarship. Archibald, a senior at Nokomis High School, is the son of Greg and Helen Archibald. After graduation, Archibald plans to attend Lincoln Land Community College to study Crop Science. “The future of the industry depends on those who are pursuing a career in agriculture,” said UPI President and CEO, Mike Bumgarner. “We want to do all we can to encourage students who have an […]

todayJune 14, 2017 24

Business & Lifestyle

IDNR Seeking New Operator for Rend Lake Resort and Conference Center

SPRINGFIELD – The Illinois Department of Natural Resources (IDNR) has issued a Request for Proposals for a new operator for the Rend Lake Resort and Conference Center near Whittington in Franklin County. The Request for Proposals (RFP) document, which provides detailed information on the resort facilities and requirements for operation, can be found on the IDNR website at www.dnr.illinois.gov. The previous lease for the Rend Lake Resort and Conference Center was terminated last December, and finding a new concessionaire for the […]

todayJune 14, 2017 22

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