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Financial News

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Business & Lifestyle

Litchfield ponders 12-year extension of TIF District 1

LITCHFIELD (Heartland Newsfeed) -- With four years remaining on the current tax increment fund (TIF) in District 1, the City of Litchfield presented their case to fellow taxing bodies as to why this district needs extended for an additional 12 years during an informational hearing which took place at the Litchfield Community Center on Wednesday, Feb. 21. "TIF districts address private investment in areas where private investment is not occurring," according to Mike Weber from St. Louis-based PGAV Planners during […]

todayFebruary 27, 2018 115

Business & Lifestyle

Paying attention to the newest case in the Supreme Court? Meet the Illinois man responsible for it

SPRINGFIELD/WASHINGTON (Heartland Newsfeed) -- Mark Janus received his first lessons about public service at an early age, while growing up in Springfield as a member of the Boy Scouts in the area. His dedication would eventually led to him becoming an Eagle Scout. Today, he passes along his knowledge and wisdom to young men and women from the state capital in Springfield while leading scouting trips to Florida. Janus' public service isn't limited and doesn't end with merit badges and […]

todayFebruary 25, 2018 52

Business & Lifestyle

Everything coming to Netflix in March — and what’s leaving

LOS GATOS, Calif. (Heartland Newsfeed) -- Netflix Inc. continues to throw its weight around and zero in on luring Hollywood’s top creative talent to make shows and films exclusively for the streaming platform. Last week, the streaming giant said it inked an exclusive deal with Ryan Murphy and his production company worth a reported $300 million. Netflix had signed a reported $100 million deal with Shonda Rhimes before that, and has since signed deals with Matt Reeves, Jenji Kohan and […]

todayFebruary 24, 2018 57

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 50

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 44

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 25

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 78

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 17

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 19

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