Tuesday, December 25, 2012
Take our poll below and tell us whether you think a tax increase for the most wealthy or spending cuts to social service programs is the way to go.
A crisis is looming if the federal government cannot resolve the so-called "fiscal cliff" dilemma by Dec. 31. In a simplified nutshell, that means that a long-term, bipartisan budget reduction plan must be agreed upon by the president and Congress or two things will be triggered: all of the tax cuts put into effect during the George W. Bush administration will expire and $1.2 million in mandatory spending cuts will start kicking in. President Obama and the Democrats want taxes to increase for those who make the most money, which Republicans oppose. The Republicans want to see spending cuts, and favor reducing money earmarked for many social service programs, which Democrats oppose. So, which side of the coin do you fall on? Take our poll …
Monday, February 14, 2011
The Valley View school board will meet tonight; public session begins at 7:30 p.m.
The Valley View school board is expected to make good on a promise it made in December to not burden area taxpayers more than it has to. The board, according to district documents, is set to pass a resolution that would allow the district to adjust its final 2010 tax levy allocation so that taxpayers pay no more than they did last year. The board will vote on a resolution that will seek a zero percent tax increase tonight at its regularly scheduled board meeting. The board, in December, requested a 6.3 percent tax increase with the caveat that it would revisit the matter before it had to request its final levy in March. By state law, school districts must submit a tax levy to the county clerk by the last Tuesday in December. That 6.3 …
41.659413
-88.086309
Valley View Early Childhood Center
753 Dalhart Ave, Romeoville, IL
/articles/valley-view-to-revisit-tax-increase-update-board-members-on-state-iou
1703717
/locations/3390644
Friday, January 14, 2011
The increase is intended to help the state pay off its massive debt, but the Valley View school board president says it's unclear what that will mean for school funding.
A 66 percent income tax hike is headed to Gov. Pat Quinn’s desk after passing both chambers of the Illinois General Assembly earlier this week. Quinn, who previously pushed for a 75 percent increase, is likely to sign Senate Bill 2505, which would take effect immediately and increase the income tax rate from 3 to 5 percent. Last spring, Quinn said an income tax hike was necessary to stave off $1.3 billion in education funding cuts. Now, the increase could help the state pay off its debts at a time when millions are owed to local school districts. In the Valley View school district, the state is six months and $7 million behind in making payments. “If we are to believe the rhetoric, there will be additional monies for education based on a …
Wednesday, January 12, 2011
Personal income taxes will increase from 3 to 5 percent once Gov. Pat Quinn signs Senate Bill 2505.
Legislators narrowly approved a 66 percent income tax hike early Wednesday. State Senators debated long into the night before passing a bill that will increase personal income taxes from 3 to 5 percent. The Senate's 30-29 vote came at 1:20 a.m. Wednesday. Senate Bill 2505, which also increases the corporate income tax rate from 4.8 to 7 percent, is part of Gov. Pat Quinn’s plan for digging out of the state’s $15 billion deficit. The bill passed the Illinois House of Representatives 60-57 on Tuesday. State Rep. Emily McAsey, D-Lockport, was one of 10 Democrats who voted against the bill. State Sen. A.J. Wilhelmi, D-Joliet, voted yes. The measure now heads to Quinn’s desk for approval. Once signed by the governor, the increases will take …
Roger King
2:57 pm on Wednesday, January 12, 2011
I am going to school trying to make ends meet with just my wife's income, while all the time everyone is saying the economy is getting better. So with that being said everything is going up because they say the economy is getting better; gas, groceries, all of my utilities and now you want to raise my taxes on top of that. Money we have for just every day living is consistently getting smaller … more ›