revenue

East Peoria considers array of budget options

May 19, 2015

The City of East Peoria is looking at possible options to help balance its books in the long-term.  The move comes amid looming state budget cuts:

When lawmakers in Springfield begin crafting a state budget for next year they'll have $2 billion less to work with than they had last year.  That decrease stems from a drop in state's income tax rate, but a new survey says Illinoisans would be up for new revenue, if it meant fewer cuts.

The Peoria County Board will consider approving a Voluntary Retirement plan to help tackle a $3.5 million deficit next year. Officials say the goal is to get 40 employees to voluntarily retire, saving about $2 million. Peoria County Board member Andrew Rand says that both Board members and elected officials agreed to use an outside consultant to find more ways to save money:

Bloomington Pantagraph Owner Revenue Continues Slide

Aug 7, 2014

The parent company of Bloomington's Pantagraph Newspaper lost $9.7 million in the most recent quarter. Lee Enterprises reports that compares to a $1.8 million profit in the quarter ending in June of last year. And even though revenue of $163 million fell 2.3%, CEO Mary Junck said during a conference call that revenue trends are favorable:

2014 is only halfway over, but Illinois' new fiscal year just began last week.  The state closed out its year with a billion-dollar growth in tax revenue.

Can sin help Illinois’ budget?

Mar 17, 2014

When Illinois lawmakers are in need of more revenue, they often turn to sin.