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44th District
weekly update
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Town hall
meeting on governor's tax increases
From Sen.
Bill Brady
[April 17, 2007]
BLOOMINGTON -- Rep. Dan Brady and I
hosted a town hall meeting Monday night at Bloomington City Hall
to discuss Gov. Rod Blagojevich's proposed $8.7 billion tax increase
with Bloomington area residents and business owners. The forum was
scheduled for 6:30 p.m. in the city council chambers, 109 E. Olive
St. in Bloomington.
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The governor has proposed a new gross receipts tax, which
will cost state businesses and consumers an estimated $7.6 billion.
In addition, he has proposed a 3 percent payroll tax, estimated to
cost Illinois businesses and consumers $1.1 billion, to fund his
plan to subsidize health care insurance for the uninsured. The
governor's proposal would be the largest single tax hike in the
country in at least the last decade. We want to hear from the people
of the Bloomington-Normal area, and we want them to understand the
detrimental impact these huge tax increases will have on Illinois
families and the Illinois economy. (Contacts:
Rep.
Dan Brady;
Sen.
Bill Brady)
The town hall meeting was open to all interested residents and
business owners.
Reminder: College Illinois enrollment ends April 24
Families wanting to invest in their children's future college
education at today's prices have until April 24 to participate in
the ninth annual enrollment period for College Illinois, the state's
prepaid tuition program.
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The program is completely tax-exempt in Illinois, and its
designation as a 529 program ensures that contract earnings are also
exempt from federal income tax.
Different plans are available and can be purchased with a
lump-sum payment or monthly installments. Contributors can purchase
from one to nine semesters, and benefits can be used at any
community college or university, public or private, in the nation.
Once a plan is purchased, anyone -- grandparents, relatives,
family, friends -- can make a payment on behalf of the beneficiary.
Since the program was established in 1997, more than 53,000
contracts, representing 168,630 years of prepaid college, have been
purchased.
Information and applications are available by visiting
www.collegeillinois.com or by calling toll free 1-877-877-3724.
[Text from file received from
Sen. Bill Brady]
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