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Illinois

1541 Results / Page 146 of 172

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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 98

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 42

Governmental Watchdogs

IDOC sees spike in alcohol brewed by inmates

SPRINGFIELD (Illinois News Network) -- The number of inmates in the Illinois state prison system caught making illegal alcohol has increased this fiscal year, and it might have to do with a drink going to prison facilities legally. Lindsey Hess, a spokesperson for the Illinois Department of Corrections, said during the previous fiscal year, there were 83 reports of homemade alcohol being made in IDOC facilities. So far this fiscal year, which began July 1, there have already been 71 […]

todayDecember 16, 2017 86

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 37

Business & Lifestyle

Illinois officials react to FCC’s net neutrality vote

SPRINGFIELD (Illinois News Network) -- While Illinois Attorney General Lisa Madigan promises an appeal, an Illinois U.S. representative says lifting Federal net neutrality rules will hold internet service providers accountable by fostering more competition. The FCC voted to repeal net neutrality regulations Thursday 3 to 2. Madigan and other state AGs followed up with a promise to appeal. She said the move “undermines the public interest by putting our free and open internet at risk.” Thursday’s vote, Madigan’s office said in […]

todayDecember 16, 2017 48

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 15

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 126

Decision 2018

In spite of tax hike, ratings agency eyes change that could junk Illinois

SPRINGFIELD (Illinois News Network) -- Illinois could be on the fast track to a junk credit rating, despite lawmakers assuring that a tax hike in July would keep the state from the infamous designation. “If we don’t get this done we will become the first state in the history of the United States of America to be in junk bond status,” state Rep. Mike Unes, R-East Peoria, said this summer. He and several other Republicans joined Democrats in overriding Gov. […]

todayDecember 14, 2017 18

Chicagoland Region

Report: Markham mayor orders staff to give himself $70k raise with backpay

MARKHAM (Illinois News Network) -- Just months before a suburban Chicago mayor was indicted on bribery charges, his replacement reportedly gave himself a massive raise with back pay. Nonprofit watchdog Project Six reported that interim Markham Mayor Ernest Blevins gave himself a $70,000 raise after being appointed to the position of mayor by a vote of his fellow aldermen. Project Six uncovered a memo from Blevins to his human resources department stating that “the Mayor will receive budgeted compensation from the […]

todayDecember 14, 2017 64

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