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Business & Lifestyle

Skillicorn calls for end to Illinois Municipal League annual conference

EAST DUNDEE (Heartland Newsfeed) -- Responding to a Daily Herald report detailing the cost to taxpayers, Rep. Allen Skillicorn (R-East Dundee) recently called for an end to the Illinois Municipal League’s annual conference, according to a release from the lawmaker. The conference, which took place from Sept. 21-23 at the Hilton Chicago, according to the event program, featured more than 50 sessions for municipal workers in fields ranging from finance and management to public safety and economic development. According to […]

todayDecember 19, 2017 11

Business & Lifestyle

Taxpayers cover costs of bad pension fund investment return predictions

SPRINGFIELD (Illinois News Network) -- As municipalities across the state determine how to spend taxpayers' money for the next year, they’re looking at what to expect for pension fund investment returns. Bad predictions can mean big costs to taxpayers and, when estimated returns on city pension fund investments are too generous, taxpayers have to pay up. The city of Springfield’s estimated returns were off enough to require an additional $600,000 the city didn’t budget for. That’s expected to impact other […]

todayDecember 19, 2017 28

Business & Lifestyle

Sean ‘Diddy’ Combs wants to purchase Carolina Panthers and vows to hire Colin Kaepernick

CHARLOTTE, N.C. (UPI) -- Music mogul Sean 'Diddy' Combs announced his desire to buy the Carolina Panthers on Sunday. He also pledged to sign Colin Kaepernick. Diddy posted a video on multiple social media accounts, announcing his grand plans. "Ok y'all, this just in," Diddy said in the video. "Breaking news: The North Carolina Panthers are up for sale. 'I believe its time to turn the franchise over to new ownership.'" "Well I need to send a message out to everybody in the beautiful state […]

todayDecember 18, 2017 20

Business & Lifestyle

France wants G20 nations to discuss Bitcoin regulation

PARIS (Heartland Newsfeed) -- France Finance Minister Bruno Le Maire is planning to push for a discussion on Bitcoin regulation at a G20 summit in 2018. Citing a news reports from LCI, Reuters reported yesterday that Le Maire said in an interview that he will ask Argentina, which is set to take control of the G20 presidency, to put Bitcoin on the agenda during an upcoming gathering in April. Le Maire was quoted as saying: “I am going to propose […]

todayDecember 18, 2017 13

Business & Lifestyle

This Christmas, property taxes are robbing the McCallisters

WINNEKTA (Heartland Newsfeed/Illinois Policy Institute) -- Since 1990, the owners of 671 Lincoln Avenue have paid more than $783,000 in property taxes when adjusting for inflation. It’s a robbery even Kevin McCallister couldn’t prevent. In the small Cook County village of Winnetka, Illinois, sits the filming site of John Hughes’ 1990 Christmas classic, “Home Alone.” Located in New Trier Township, the house is something of a local legend as it made Chicago-area news when it changed owners in 2012. But […]

todayDecember 17, 2017 16

Business & Lifestyle

Amazon expands same-day and one-day delivery to 8,000 cities — here’s the last day you can shop online for Christmas

SEATTLE (Heartland Newsfeed/MarketWatch) -- Looking to get your last-minute gifts delivered before the holidays? Don’t wait much longer than this week, unless perhaps you have Amazon Prime. The online retail giant announced it is expanding Prime delivery to 8,000 cities and towns from 5,000 previously and for some Prime members in a handful of cities, including Miami, Manhattan and Denver, with purchases of $35 or more. That means Amazon will deliver gifts up until 11:59 p.m. on Dec. 24. • […]

todayDecember 16, 2017 17

Automotive News

Caulkins: Budget ‘shell game’ to cost state $1.5 billion, 22,000 jobs

DECATUR (Heartland Newsfeed) -- Dan Caulkins is increasingly concerned about a provision in the state’s 2018 fiscal year budget he fears could cause taxpayers as much as $1.5 billion. Beyond the massive costs, Caulkins, who recently launched his campaign against Rep. Bill Mitchell (R-Forsyth) in the 101st District, said in a release the plan that diverts $300 million annually from the Illinois road fund could cost the state over 22,000 jobs. Caulkins points the finger of blame squarely at House […]

todayDecember 16, 2017 2

Business & Lifestyle

Consumer advocate warns of holiday scam attempts

CHICAGO (Illinois News Network) -- The fast-paced shopping season that accompanies the holidays means more potential opportunities for criminals. That’s according to the Better Business Bureau, which is warning Illinois residents about the annual spike in scam attempts this time of the year. “I’ve been doing this for 30 years and there always seems to be an uptick, because it appears that many people are desperate this time of the year,” said Steve Bernas, president and CEO of Better Business […]

todayDecember 16, 2017 7

Business & Lifestyle

Macon County sees no change in state multiplier on property assessments

DECATUR (Heartland Newsfeed) -- The tentative state equalization factor for property assessments in Macon County remains unchanged from last year – 1.000. The county's property assessment equalization factor, commonly known as the multiplier, applies to 2017 taxes payable in 2018, Illinois Department of Revenue Director Constance Beard said in a release. The equalization factor is computed by comparing individual properties' sales prices over the recent three-year period with the assessed value of the properties as determined by the county, the […]

todayDecember 15, 2017 28

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