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Stadelman votes for legislation to prevent Rockford-area job loss

Published: Thursday, November 14, 2019 01:57 PM

airplane mech 111419SPRINGFIELD – State Senator Steve Stadelman (D-Rockford) joined fellow lawmakers to pass a measure that would prevent the loss of hundreds of good-paying jobs across the state, including dozens in the Rockford area

The legislation would reinstate a sales tax exemption for aircraft maintenance materials. Most other states offer this exemption, so Illinois needs it to remain competitive. Illinois neighbors Wisconsin, Missouri and Indiana all offer similar exemptions, as do major competitors like California and New York.

“Companies like Emery Air provide good-paying jobs in the Rockford area,” Stadelman said. “We need to keep Illinois open for business and support these aviation jobs.”

Over the last four years since the exemption expired, aviation repair companies didn’t charge any sales taxes along with their services. The Department of Revenue failed to identify or collect missing tax revenue. The legislation forgives the companies for unintentionally not collecting taxes.

“These companies shouldn’t be penalized for not collecting the tax when they didn’t know the tax credit had expired,” Stadelman said. “I’m urging the governor to reconsider signing this crucial legislation. Hundreds of Illinoisans’ jobs depend on it.”

House Bill 3902 passed the Senate 48-1-2, and it will now be sent to the governor, who has already pledged to veto the measure.

Koehler votes to consolidate police and firefighter pensions

Published: Thursday, November 14, 2019 01:07 PM

koehler 111419SPRINGFIELD – In an effort to save taxpayer money, State Senator Dave Koehler (D-Peoria) voted in favor of a measure today that will consolidate police and firefighter pensions.

“The passage of this bipartisan legislation was years in the making, and I’m thrilled my colleagues and I were able to work with the governor’s office to address a part of our serious pension problem,” Koehler said. “We’re saving taxpayers money and increasing retirement security for those who risk their lives on a daily basis.”

Under this legislation, the roughly 650 separate pension funds for downstate police officers and firefighters will be consolidated into two individual and separate funds. The fund consolidation will happen over a 30-month transition period beginning upon the legislation becoming law and is estimated to save Illinois taxpayers nearly $160 million annually while not affecting individual pension amounts.

“I understand the concerns people may have about giving the state control over a pension system,” Koehler said. “For that reason it’s especially important to keep in mind that local pension board control remains in place under this legislation.”

Under this legislation local pension fund boards and their authority to rule on benefits would remain firmly intact. Additionally, balances of other pensions would be untouched. The proceeds from one fund’s investment will not be used to make up for another fund’s shortfall.

This legislation now awaits the governor’s signature.

Link fights for police and firefighter pension consolidation

Published: Thursday, November 14, 2019 12:47 PM

police fire 032019SPRINGFIELD – A bipartisan measure to consolidate most police and firefighter pension funds throughout the state passed the Illinois Senate Thursday with support from State Senator Terry Link (D-Indian Creek).

“This proposal retains benefits while also making our system more productive and efficient,” Link said. “The pension crisis is one of the biggest issues we’ve been dealing with in this state for years, and the legislation we passed today marks a major step toward solving that problem.”

Senate Bill 1300 would consolidate all of the state’s nearly 650 police and firefighter pension funds outside of Chicago into two individual and separate funds over a 30-month transition period.

Consolidation of these pension funds is expected to provide them with a greater return on investments and save taxpayers an estimated $160 million each year, while not affecting individual pension amounts.

The legislation also allows local pension fund boards to retain authority to rule on benefits.

“We wanted to ensure that we preserved local authority over pension benefits while also providing enhanced investment opportunities and saving taxpayer dollars,” Link said. “This measure makes financial sense for pension recipients, the pension funds themselves and Illinois taxpayers.”

The measure passed the Senate by a vote of 42-12. It will now be sent to the governor’s desk for approval.

Crowe champions initiative keeping aviation repair industry in Illinois

Published: Thursday, November 14, 2019 12:28 PM

crowe jet 111419SPRINGFIELD – Legislation showing vast support to the aviation repair industry in Illinois is one step closer to becoming law under the firm leadership of State Senator Rachelle Crowe (D-Glen Carbon).

“I am delighted the majority of the Senate agreed this exemption is necessary in support of the economic contributions jet repair companies provide to the entire state of Illinois,” Crowe said. “But this fight is not over.”

The measure reinstates Illinois’ sales tax exemption for aircraft materials, which expired Dec. 31, 2014.

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