Thursday, December 27, 2012
If Congress fails to pass an extension of the Bush era tax cuts by midnight Monday, American paychecks will get smaller. You can use the fiscal cliff calculator to see the impact on your paycheck.
With leaders of Congress becoming more and more skeptical a deal will be reached before midnight Monday to avoid the fiscal cliff, it becomes more likely American paychecks will get smaller Tuesday, according to a story in today’s New York Times. “I have to be very honest,” Senate Majority Leader Harry Reid said in the New York Times article. “I don’t know time-wise how it can happen now.” The Senate reconvened today in an unusual session between Christmas and Jan. 1. Even if the Senate passes legislation, the House of Representatives will not come back into session until Sunday barely 24 hours before the deadline, according to a story today on Politico. If no deal is reached, a single person with two exemptions earning $50,000 per year …
Friday, October 21, 2011
District administrators expect increase to actually be 1.8 percent because of tax cap.
New Trier Township High School District 203 taxpayers will be asked to come up with $88.2 million in property taxes next year, according to an estimated 2011 tax levy, the 2011-2012 rate, approved by the school board Oct. 17. That amount would be approximately a 2.84 percent increase over the taxes collected on behalf of the district in 2011, based on the 2010 tax levy. But District 203 Associate Superintendent Donald Goers doesn’t expect the district to collect quite that much next year. Goers estimates the amount of taxes that the district can actually collect, known as the tax extension, will be closer to $87.3 million, roughly a 1.8 percent increase over this year’s tax collection. Earlier: More Patch coverage of New Trier Township …
Monday, February 21, 2011
Congressman addresses group in Glenview hours after casting vote to cut $60 billion in federal spending.
A passionate group of more than 60 people came to U.S Rep. Bob Dold’s (R-IL) town hall meeting at Glenview Village Hall on Saturday to hear what their congressman had to say about his first six weeks in Washington. The citizens wanted to hear Dold’s ideas and express their own. Some of the participants argued with each other while the first-term congressman acted as the peacemaker. Most had the economy and budget as their top priorities, and there were a myriad of suggestions to improve the situation. Dold was poised to discuss the issue after voting to cut $60 billion from the current federal budget just seven and a half hours before the meeting began. He cast his vote about 3:30 a.m. (CST) on the floor of the House. “We had to go back…
Thursday, January 13, 2011
Officials tell Patch they could see cuts if state overspends.
Illinois Governor Pat Quinn signed into law Thursday legislation that increases income taxes by 66 percent. Residents and corporations have been given clear figures as to how much they will be losing from their paychecks for the next four years. However, the state of funding for the local municipalities that supplies services to residents remains unclear. Currently, municipalities receive 10 percent of the revenue generated from state income taxes. But under the new legislation, this amount will be cut to 6 percent, to prevent local governments from receiving any additional revenue. For villages like Wilmette and Kenilworth, that means they should be receiving the same amount in income-tax revenue they have been—not more or less. “The …
42.086537
-87.716462
Village of Kenilworth
419 Richmond Rd, Kenilworth, IL
/articles/village-leaders-say-they-wont-benefit-from-illinois-tax-hike
284033
/locations/3056833
42.07552
-87.707809
Village of Wilmette
1200 Wilmette Ave, Wilmette, IL
/articles/village-leaders-say-they-wont-benefit-from-illinois-tax-hike
284082
/locations/3056834
Dan Arenov
11:20 am on Wednesday, January 2, 2013
Hello all, I guess i shouldn't post something like this without providing more details. The idea for this blog, which i've run by the local Patch editor, is to have a small group of people who either lean left or lean right and to be part of a small 'debate' team. We would pick a hot topic each week (maybe pulling from a Brian Slupski news item, etc) on e.g., Monday, and would select one person … more ›