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Illinois state government is more reliant on tax dollars to generate state revenue than 47 other states

(Springfield-jm) – Illinois state government is more reliant on tax dollars to generate state revenue than 47 other states. Pew Charitable Trusts broke down the revenue sources for each state for fiscal year 2021, including tax collections, federal funds, service charges and miscellaneous sources.  Illinois’ largest portion of state revenue sources comes from tax collections at 57%, the third highest percentage in the country and well above the national average of 46.9%. Illinois has the second highest property taxes in the country, and is in the top half of states for individual income tax and total sales and excise tax burden. The analysis found that federal funds were the largest revenue source in fewer states (15) than a year earlier (18), as state tax collections started to rebound after the pandemic-induced recession. In Illinois, federal funds amounted to just over 31% of the revenue.

 

(Springfield-jm) – The University of Illinois Flash Index, a snapshot of the Illinois economy, fell slightly in March. The index dropped from 103.4 in February to 103.1 in March. The three main components of the index include individual income, corporate and sales tax receipts and were all down in inflation-adjusted terms from March 2022. The author of the index said the wait for the anticipated recession later this year continues with experts placing the odds at about 50-50.

 

(Paxton–jc)  –  Paxton City leaders will look to approve motor fuel tax projects for fiscal year 20-24 when they meet tonight in regular session. Councilmen will also look at rezoning several properties in the city. They will also look at and potentially approve a drainage plan project. The Paxton City council meets at 7 tonight on the second floor of city hall.

 

(Urbana-jm) – Area lawmakers joined Governor J-B Pritzker and University of Illinois leaders during a stop at the Urbana-Champaign campus. The Governor was promoting record investments in higher education and map grant funding. Senator Paul Faraci of Champaign says this will provide more opportunities for students…

 

 

State Senator Paul Faraci of Champaign. State Representative Carol Ammons of Urbana…

 

 

State Representative Carol Ammons of Urbana.

 

(Urbana-jm) – Champaign County Crime Stoppers is asking for help in locating a man wanted for armed violence and aggravated domestic battery. Court records show that Deonance Hill, 30 of Urbana, was charged with armed violence in October of 2021. He was released on bond, but never appeared in court the following December. A warrant was subsequently issued for his arrest. At the same time, another warrant was issued for his arrest related to a case of aggravated domestic battery. He has yet to make a court appearance related to this case. Hill is described as being Black, 5 feet 11 inches tall and weighs 145 pounds. He has black hair and brown eyes.

 

(Champaign-jm) – A former Champaign pastor has been sentenced to 10 months in prison for bankruptcy fraud and misapplying federal funds. Reverend Lekevie Johnson received the sentence after pleading guilty in December. Johnson admitted to using around $50,000 of student loan funds and Housing and Urban Development grants to fund a gambling habit. 

 

(Gibson City–jc)  If you see members of the Ford County E-M-A and those with the Red Cross in Gibson City today, there is a good reason. Members of the two organizations are installing free smoke alarms. Contact the Ford County Emergency Management for more information. 

 

(Rantoul–jc)  –Today's WPXN Business of the Day is Country Financial Agent Tanna Suits of Rantoul. With a farming background in Champaign County Suits also likes the insurance side on the farm…

 

 

Suits has a local office along Champaign Avenue in Rantoul. The office is one in the local area, but Suits has Country Financial clients in a large geographical area…

 

 

Country Financial Agent Tanna Suits of Rantoul

You can hear more from Tanna Suits with an interview on the Noon news

 

(Springfield-jm) – Home prices may be cooling off, but a study shows they increased much faster than inflation. According to Clever Real Estate, since the start of 2020 to mid-last year, median home sale prices rose 42%, while the price of overall goods rose just 14%. The escalation in prices has made home sales in Illinois come to halt, as sales were down statewide in February by 25% compared to the same time last year. If home prices grew only at the same rate as inflation since 1970, the median sale price in the U.S. would be just over $189,000 instead of $468,000.

 

(Springfield-jm) – Around a third of Illinois’ state’s attorneys want to see the Illinois Supreme Court strike down the state’s gun and magazine ban. The Macon County case from state Representative Dan Caulkins, challenges Illinois’ gun and magazine ban on the grounds it violates equal protections. The law doesn’t apply to police or others in the law enforcement and security industries. After the county judge issued a final judgment against the law deeming it unconstitutional, the state appealed directly to the Illinois Supreme Court. The state-level case to be heard mid-May is separate from the federal case in the Southern District of Illinois set to be heard in East St. Louis on Wednesday.

 

(Urbana–jc)  How Old is too old to drive? O-S-F Public Relations Specialist Tim Ditman has the story…

 



((Rantoul–jc)  Rantoul citizens have the opportunity to view the annual budget for the next fiscal year today at the village board office at 5-45 this afternoon. Rantoul Village board members also meet tonight at 6pm. Among agenda items include an addition to the Rantoul Fire Station project, a waste water study project and an agreement with the local police department. 

 

(Champaign-jm) – Champaign County Crime Stoppers is asking for help in solving a forgery and theft that happened earlier this year. Officials said that on January 26, two people entered Champaign’s Best Buy, located at 2117 North Prospect Avenue, and stole vacuum cleaners valued at $1,600. They added the suspects presented forged receipts that pretended they had bought the vacuum cleaners using the Best Buy app. The suspects left the store in a dark SUV, possibly a Ford Explorer. One appeared to be a white male with glasses and a brown/gray beard and mustache. He was wearing a baseball cap, a black hoodie, a green jacket and jeans. The other suspect appeared to be a White female wearing a Chicago Bears stocking cap, a light green hoodie, a tan jacket, red pants and black shoes.

 

(Paxton–jc)  The Paxton Buckley Loda Booster Club has a fundraiser with “ducks” on Saturday. The group is hosting a Duck Drop on Saturday at Lakeview Country Club in Loda. The drop is set for 3pm. Ducks are available to purchase. The closest duck to the target will receive 500 dollars. There are lots of other cash prizes and prizes donated by area merchants.

 

(Decatur-jm) – The Devon Lakeshore Amphitheater in Decatur is announcing An Evening with The Beach Boys at the Devon on Thursday, August 17. Tickets go on sale Friday, April 14 at 10 a.m.




 

 

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