U.S. House of Representatives Stimulus Package Proposal gives $8.8 billion of $198 billion to Illinois.

Illinois received approximately 3.9% of the total.  Take a look at the various programs that are being proposed for Illinois’ share.   http://www.ncsl.org/print/statefed/StateAllocations.pdf

If you wish other details or more recent events regarding the stimulus see:  http://www.ncsl.org/statefed/2009economicstimulus.htm

TAX CAPS AT 0.1%?

The December 2008 Consumer Price Index is out.  If there are no changes to the law, Illinois Department of Revenue should be announcing 0.1% as the tax cap for 2009 taxes (those paid in 2010).  If local government and schools are having a difficult time meeting rising costs just wait to they need to budget for FY 2010, when real estate taxes are capped at nearly zero and property assessments maybe falling.

I thank Cal Skinner and his blog:  www.mchenrycountyblog.com for the graphics.