Tax break on machinery purchases drains state revenue
Gov Thompson faces a growing fiscal gap as October revenue loss from business sales tax relief reaches 24.1 million, up from September. Administration debates curb options, stricten exemptions, and possible postponement of Jan 1 1983 exemption increase while monitoring installment-buying effects and audit findings.
MENTIONED IN THIS ARTICLE
Department of Revenue
Administration Treasury
General Assembly
Thompson
Ers
Robert Mandeville
Bureau of the Budget
Mandeville
Treasury
Special interests says hands off on school mandates
State leaders face a tug of war over special education rules as the State Board of Education reviews mandates aimed at local districts. Advocates warn against laxing protections while opponents urge local control to cut red tape and save scarce funds.
MENTIONED IN THIS ARTICLE
Don Levener
Springfield
Donald G. Gill
State Board of Education
Walter Freeman
Land of Lincoln
The
United Cerebral Palsy
Oscar Weil
Illinois Federation of Teachers
Decatur
State Board
Gill
Thompson
General Assembly
Congress
William Clarida
Herrin
Elaine Hoff
Illinois Association For Retarded Citizens
Illinois
Becky Kirk
Murphysboro bank seeks to join holding company
Murphysboro First Bank and Trust Co. seeks a charter to join a bank holding company owning 80 percent of the bank. President Marvin Boyer says the move would diversify operations and enable newer services, with a four month Fed approval window. He hints at automated tellers and banking by phone or TV, while stressing capital adequacy and community service.
MENTIONED IN THIS ARTICLE
Murphysboro Bank
H.B. Koplowitz
Southern Illinois
First Bank and Trust Co
Murphysboro
Marvin Boyer
Savings and Loans
Boyer
Anl
Illinois
Illinois Supreme Court
Federal Reserve Board
St. Louis
Also Mentioned on This Page
Mike Lawrence
Springfield Illinois
James R. Thompson
Special Interests
G. Howard Thompson
the Kroger CO
JFEM
Sai
Kroger
D.approrc
Sousda
U.S.D.A
Jusda
REESE
Jackson
Golden Goose Sheriff’s Vehicles
S. 10Th St