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Financial News

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Business & Lifestyle

AT&T to test 5G mobile network in Atlanta, Dallas, Waco

DALLAS (UPI) -- Two Texas cities -- Dallas and Waco -- and Atlanta have been selected as the first places in the United States to see AT&T's mobile 5G network, considered the next generation of wireless network technology. A company announcement Tuesday said the three cities are among the first 12 that will have the capability by the end of the year. AT&T said the other nine cities will be named in coming months. "This is standards-based, mobile 5G we're talking about. AT&T […]

todayFebruary 21, 2018 8

Business & Lifestyle

Guitar company Gibson reportedly facing bankruptcy

NASHVILLE, Tenn. (Heartland Newsfeed) -- According to a report, Gibson, the iconic guitar brand whose Les Paul and SG instruments have been played by generations of musicians including Slash, Bob Marley and Carlos Santana since its 1902 founding in Kalamazoo, Mich., could be on the brink of bankruptcy.   Bill Lawrence, Gibson's chief financial officer, recently left the firm six months prior to $375 million in senior-secured notes were due to mature, according to a report by the Nashville Post […]

todayFebruary 19, 2018 9

Business & Lifestyle

Shrinking Decatur to face budgetary hurdles in coming year

DECATUR (Illinois Policy Institute) -- After passing an unbalanced budget in 2017, Decatur will have to address its declining population and revenue as it looks ahead to crafting future budgets. Gov. Bruce Rauner’s budget proposal for fiscal year 2019 continues a reduction to a state financial shell game. While ultimately a benefit for Illinois taxpayers, it’s a move that will force shrinking cities to reform local finances. As part of the fiscal year 2018 budget state lawmakers passed in July 2017, […]

todayFebruary 19, 2018 7

Business & Lifestyle

Blackburn business students to assist with filing tax returns

CARLINVILLE (Heartland Newsfeed) -- The business department at Blackburn College will be offering IRS tax law-certified volunteers to assist low-to-moderate income taxpayers seeking help filing their taxes or are unable to electronically file their returns due to lack of computer or Internet access. Beginning Tuesday, Feb. 20 through April 13, Blackburn business students who are certified under the Internal Revenue Service's Facilitated Self Assistance (FSA) program will offer filing assistance for individuals choosing to electronically file their tax returns. These […]

todayFebruary 18, 2018 11

Capital Area Region

Illinois teachers saw union dues flow to Chicago groups, politics and Madigan

SPRINGFIELD (Illinois Policy Institute) -- Government worker unions can use their members' dues in any number of ways. The most recent federal filings of one of Illinois' largest teachers unions reveal millions of dollars directed disproportionately to Chicago and to political causes with which their members may disagree. Illinois teachers may be surprised where their union dues go. Each year, unions such as the Illinois Federation of Teachers, or IFT, are required to file federal reporting documents that outline the […]

todayFebruary 6, 2018 2

Capital Area Region

Breen wants to mirror federal K-12 savings benefits in Illinois

SPRINGFIELD (Illinois News Network) -- A state representative says his idea of mirroring Illinois law to the recent federal tax reform to allow for tax free investments for K-12 education will help keep investments in Illinois’ accounts and not diverted to other states. State Rep. Peter Breen, R-Lombard, said his proposal would be a simple change to state law, but it would be a big benefit for Illinois families. “This is really a parent protection measure, a taxpayer protection measure,” Breen […]

todayFebruary 6, 2018 7

Business & Lifestyle

Commentary: Illinois Family Institute continues campaign of ignorance on pot legalization

Kathy Valente from the Illinois Family Institute has yet again continued the organization's ignorance campaign on a pending Cook County resolution to legalize marijuana in the county. In a Letter To The Editor that Valente submitted to all media outlets on February 1 entitled "Avoiding a Dangerous Pot Hole", she and the Institute continues to prove how ignorant they truly are. With absolutely no regard for solid facts or evidence from other states, lawmakers are set to legalize and tax […]

todayFebruary 5, 2018 51

Financial News

Illinois taxpayers to wait a month for state tax refunds

SPRINGFIELD (Heartland Newsfeed) -- If you usually file your taxes in February, you can file your tax return, but you will likely be waiting a month until your receive your refund. Terry Horstman from the Illinois Department of Revenue says it's going to take some time for the state to start sending out any refunds. "The Department of Revenue is continuing with its fraud prevention measures," Horstman said. "We anticipate direct deposit refunds will be issued four weeks from the […]

todayFebruary 5, 2018 5

Capital Area Region

House bill would require referendum before local tax hikes

SPRINGFIELD (Heartland Newsfeed) -- Local lawmakers in the Illinois General Assembly could be prevented from passing tax hikes without voter permission. With passage, the state's voters will have to vote on a referendum as to whether or not tax hikes should be passed. Following years of continued abuse by state and local governments in the form of tax hikes, Illinois have realized their entitlement to vote with their feet, according to a report from the Illinois Policy Institute think tank.   […]

todayFebruary 4, 2018 4

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