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New Illinois law raises earned-income tax credit
Legislation aimed at helping poor Illinois families keep more of what they earn was signed into law Tuesday, a month after Gov. Pat Quinn signed companion legislation granting tax breaks and incentives aimed at keeping two big employers in the state. The new law, which is effective for the 2012 tax year, expands the state?s earned-income tax credit. It?s now 5 percent of the federal credit and ... illinois law property tax 10 Feb 2012
McConnaughay, Surges clash on experience, record
The two candidates vying for the Republican nomination in the region?s new Illinois State Senate district agree on a number of things. illinois law property tax 10 Feb 2012
Bill takes 2nd stab at reining in tax cap
Two McHenry County state legislators are co-sponsoring a county-specific bill aimed at limiting propertytax increases when home values decline. illinois law property tax 10 Feb 2012
O'Fallon lost more than $36,000 in property tax revenue thanks to illegal exemptions for homebuilders
As O?Fallon homeowners endured years of increasing property taxes, two home builders received illegal exemptions nearly eliminating more than $36,000 in property taxes on new homes in St. Clair County. illinois law property tax 10 Feb 2012
QC Holdings, Inc. Reports Fourth Quarter Results
QC Holdings, Inc. reported income from continuing operations of $3.2 million and revenues of $49.7 million for the quarter ended December 31, 2011. For the year ende illinois law property tax 10 Feb 2012
Cullerton: Pension changes likely to mean frugal teacher contracts
Downstate school districts could pay more toward their teachers' pensions by negotiating more frugal contracts with teachers, Illinois Senate President John Cullerton told The State Journal-Register editorial board on Monday. State government?s top three Democrats, including Cullerton, have floated the idea of local school districts paying for teachers? pension benefits, which the state pays for ... illinois law property tax 10 Feb 2012
33rd Dist. candidate admits he paid property taxes late
A candidate for one of the region?s newest state legislative districts has admitted he paid property taxes on his house later than is required by law for the past nine years. illinois law property tax 10 Feb 2012
Schools pay for teacher pensions? They say no
Top Illinois Democrats are thinking about shifting billions of dollars in teacher retirement costs onto local schools to help save the state's crippled finances, but suburban education officials say they don't have the money, either. "All that burden is already coming back on the local districts," said Grayslake Elementary District 46 Superintendent Ellen Correll. "We just can't take it anymore." illinois law property tax 10 Feb 2012