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Illinois Democrats moving to put graduated income tax amendment on 2014 ballot
Toward the end of this year’s legislative session, two bills were introduced – one in the Illinois House and one in the Senate – that were largely overlooked. The bills, SJRCA 40 and HJRCA 33, seek to change the Illinois Constitution to impose a graduated income tax on both personal and corporate income. More…
Read MoreFederal Reserve study discovers young, less educated homeowner families hit hardest by recession
Over the past 10 years, U.S. homeowners collectively experienced the very highest highs and the very lowest lows of home ownership, according to experts from the Federal Reserve Bank of St. Louis. The two – Ray Boshara, a senior adviser at the Fed’s Center for Household Financial Stability – and William Emmons – chief…
Read MoreQ&A with Jay Rowell, Director, Illinois Dept. of Employment Security
IBJ: Since you became the ninth director of the Illinois Dept. of Employment Security in June 2011, you’ve been working hard to position IDES as an employment agency rather than an unemployment services office. How is that going? Rowell: We’re really remaking ourselves. It’s a challenge, but we’re making solid progress and we’re uniquely positioned…
Read MoreLevee Issues Alliance working to keep project on track for completion in 2015
A little more than a year after stopping the countdown clock, the St. Louis Metro East Levee Issues Alliance has not only restarted the clock but is cautiously optimistic that the project can be completed in 2015, according to Rich Conner, the group’s chairman. The Alliance is a grassroots organization made up of more…
Read MoreBernardin, Lochmueller & Associates tapped to perform appraisals for levee project
When the Southwestern Illinois Flood Prevention District Council changed a major component of its levee restoration design from graded filters to seepage berms, it greatly expanded the amount of property that would be needed. And, it created a large project for a new member of the levee restoration project team of Bernardin, Lochmueller &…
Read MoreWork under way on levee restoration as AMEC, Council receive Corps permits
After traveling some bumpy road with the U.S. Corps of Engineers, Jon Omvig, the St. Louis office manager for AMEC, reports that things have smoothed out. “The 408 process was not anticipated when we started the project and it added a wrinkle to the process,” Omvig said. “It clearly added some review time to…
Read MoreHusch Blackwell levee and flood control specialists help guide Council through process
Shortly after officials of the Federal Emergency Management Agency made their pronouncement in August 2007 that the levees protecting the American Bottom would lose their accreditation, the East West Gateway Council of Governments reached out to the law firm of Husch Blackwell LLP. That’s because Husch Blackwell attorneys have specialized in levee and flood…
Read MoreSouthwestern Illinois Commercial Real Estate Transactions
The Illinois Business Journal is proud to publish commercial real estate transactionsrecently completed by commercial brokers across Southwestern Illinois. Edwardsville Marilyn J. Traw Trust sold a 2,960-sq. ft. office building at Three 157 Center to Brauer Properties LLC. CB Commercial Brown Realtors represented both parties. Landlord Tenant Services leased 520 sq. ft. of office…
Read MoreGovernment Affairs Report: Illinois State Chamber of Commerce
Pension Reform Update: No Action Expected until August Despite Gov. Pat Quinn carrying out his threat to punish lawmakers for failing to deliver a pension reform proposal to him by line-item vetoing their pay, members of a pension conference committee are not expected to issue any recommendations on what pension reform should look like…
Read MoreIllinois Government Affairs Report: St. Louis Regional Chamber
ILLINOIS During the Special Session on July 8, both the House and Senate succeeded in gathering the three-fifths vote necessary to override Gov. Pat Quinn’s amendatory veto of HB 183. This action means that Illinois now has a concealed carry law in advance of a deadline issued by the 7th U.S. Circuit Court of…
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