Taxes
HANNIBAL, Mo. — After spirited discussion at Tuesday’s meeting, the Hannibal School Board voted 4-3 in favor of an operating tax levy increase from $3.04 to $3.49 per $100. Tysa Coleman, J’Nelle Lee, Blane Mundle, and Stacey Graves voted in favor of the 14.8 percent increase, while Jeff Evans, Ron Greenwell, and Scott Hawes opposed…
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QUINCY — While the Quincy School Board is expected approve a decrease in the 2023 tax rate, an increase in property values is expected to put the school district over a five percent increase in the tax levy. A Truth in Taxation hearing is scheduled at the beginning of tonight’s School Board meeting at 6…
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Ashley drops some profound statements in today’s edition. No, I’m serious. I’m not kidding. We joke with her a lot, but she is a very deep and introspective person with a huge heart. Frankie and Bobby contribute too.
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Illinois has 6,032 local governments, the most in the nation by a wide margin – and that excludes 859 school districts. It’s the main reason Illinoisans pay the nation’s second-highest property taxes. You’d expect a state with fewer people after eight consecutive years of population loss would need less government. Wrong: Illinois has more government than any…
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Includes direct checks to Illinoisans, expands on Pritzker proposal by $800 million SPRINGFIELD – Democrats in the Illinois Senate have announced a $1.8 billion package of mostly temporary tax relief proposals that they hope to include in the Fiscal Year 2023 budget as the legislative session enters its final week. The package, rolled out…
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Illinois’ cannabis dispensaries are noticing a steady drop in sales after record-setting sales in December. High prices and a lack of supply likely push customers to street dealers. Recreational marijuana in Illinois set record sales for nine consecutive months, up until January and February 2022. February’s haul of $114 million was the lowest since last March. Price matters…
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SPRINGFIELD, Ill. — Adams County has been issued a final property assessment equalization factor of 1.0000, according to David Harris, Director of the Illinois Department of Revenue. The property assessment equalization factor, often called the “multiplier”, is the method used to achieve uniform property assessments among counties, as required by law. This equalization is particularly important…
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State Income Tax Range: 4.95% (flat rate)Average Combined State and Local Sales Tax Rate: 8.83%Median Property Tax Rate: $2,165 per $100,000 of assessed home value Sorry, Illinois, but you’re the least tax-friendly state in the country for middle-class families. For all three taxes we’re tracking – income, sales, and property taxes – you tax middle-income…
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Illinois taxpayers are on the hook for nearly double the debt burden of just 12 years ago. That’s according to a new report on the fiscal state of the state. Truth In Accounting (TIA) has been evaluating state governments for how much debt the state has versus how much they bring in. Their Financial State of…
Read Full Article SPRINGFIELD – Adams County has been issued a tentative property assessment equalization factor of 1.0000, according to David Harris, Director of the Illinois Department of Revenue. The property assessment equalization factor, often called the “multiplier”, is the method used to achieve uniform property assessments among counties, as required by law. This equalization is particularly important…
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From Capitol News Illinois SPRINGFIELD – Members of an Illinois Senate committee sparred with officials from Gov. JB Pritzker’s administration Friday in a hearing on tax changes proposed by the governor in an effort to balance the state’s budget for the 2022 fiscal year. The Senate Revenue and Appropriations committees held the joint hearing, questioning…
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