News Archive for May 2006

Fitch Rates PICA Special Tax Rev Rfdg Bonds'A'

PICA Special Tax Rev Rfdg Bonds 'A' ... 9 million special tax revenue refunding bonds ... 1996 special tax bonds. In conjunction with ... outstanding special tax revenue bonds at 'A' ... the wage tax, as well as legal ... pledged wage tax revenues, and the area ... an underfunded pension system and a tax ... issue wage tax secured bonds to fund ... PICA's special tax bonds are secured by ... 5% tax on the salaries, wages, commissions ... The tax is exclusively for the use ... reduce the tax so long as PICA ... Authority tax revenue has grown an average ... and improved tax collections over that time ... Projections call for authority tax revenue to ... the authority tax in an agency capacity ... At all times, the tax revenues remain ... business privilege tax reductions. Economic benefits continue ... the city's tax reduction policy, a sustained ... the property tax base. Fitch's rating definitions

Wednesday May 31 2006, 10:48PM

State tax analysis offers mixed bag

this State tax analysis offers mixed bag ... West Virginia's tax system, administration officials have ... of the tax burden borne by businesses ... the state tax structure at a special ... the existing tax system within two years ... the largest tax burdens. Those rankings typically ... local sales tax. Most West Virginia taxes ... state's total tax burden. His conclusions: taxes ... Manufacturing Investment Tax Credit. That break would ... The resulting tax bill, $38,100, would ... Less than a dozen states tax only

Wednesday May 31 2006, 09:58PM

Remembering, Honoring Lloyd Bentsen

of corporate pension plans. The protection provided ... the 1986 tax reform more fair for

Tuesday May 30 2006, 12:45AM

Controller candidates vow to go to bat for taxpayers

Past controllers have uncovered excessive pension payments ... in state pension funds. And, of course ... Revenue Service tax law specialist and a ... the state's tax agency and listens to ... tax appeals. Chiang's top priorities include hiring ... closing corporate tax loopholes. As controller, "We ... As chairman of the Franchise Tax Board ... served as IRS tax law specialist ... closing tax loopholes for corporations; halting ... state sales tax on gasoline; eliminate wasteful

Tuesday May 30 2006, 12:31AM

Hatching a 401(k) strategy

the nation's pension laws, Congress is hoping ... in its pension legislation that would give ... With more companies abandoning traditional pension programs ... in pending pension legislation that would address ... The pension legislation also directs the Labor ... investment of pension assets for workers who

Monday May 29 2006, 08:35PM

Chafee ads tout record, attack Laffey

Other increases funded the city's pension plans ... have included tax increases of 3.5

Monday May 29 2006, 05:00PM

Want to know why I left to live in Florida? Where shall I begin?

No state income tax. No property tax ... Annual increases in my property tax are ... The property tax is frozen at the ... No estate tax. The sales tax in ... No tax on my pension. I receive ... pension from the Commonwealth of Massachusetts, and ... on my pension. I have a small

Monday May 29 2006, 03:05PM

US Trading Preview

policies (failed pension privatization, passed tax cuts)

Monday May 29 2006, 02:51PM

Retirement taking on whole new meaning JOEY FITZPATRICK

They could have a pension from one ... own income tax may want to seek ... capital gains tax. "There are special rules

Monday May 29 2006, 09:43AM

Controller race draws a crowd

the Franchise Tax Board, as well as ... in state pension funds, controls more than ... state sales tax on gasoline. "Taxes make ... Repealing the tax will end a double ... Chiang, who supports tax abatements and tax ... A former tax law specialist for the ... understanding the tax code can be "a ... The California tax code, he says, has ... the federal tax code 8.5 million ... He has helped introduce free tax and ... free income tax assistance to low-income residents ... He has backed property tax reassessment for ... by giving tax breaks. "It’s a great ... The loss of tax dollars to enterprise

Monday May 29 2006, 07:56AM

Community divided over Measure E

city's retirement tax on the ballot, the ... If voters repealed the tax, the ... to the pension system, the legality of ... tax and city spending decisions. And the ... against the tax after watching their daughter ... the decades-old tax is $134 per $100 ... years, the tax can run new homeowners ... Repeal backers say the tax is unfair ... of the tax, which has never faced ... such a tax couldn't be used to ... salary in pension calculations. But City Manager ... kept the tax legal by estimating the ... using retirement tax funds to pay for ... the state pension system, and also the ... by the tax. And while some don't ... the pension system, it's part of negotiated ... If the tax is repealed, the $3

Saturday May 27 2006, 12:59PM

Airline's pay-cut plan hits a snag

government's influential pension insurer and some retired ... The Pension Benefit Guaranty Corp. believes it ... terminates their pension plan. It also wants ... on the pension being terminated. If the ... the pilots' pension. The court has the ... its employees' pension plans after reaching a ... if a pension plan is terminated without ... participants their pension benefits up to a ... Delta's pilots' pension plan is significantly underfunded

Saturday May 27 2006, 12:30PM

'Common plan'soughton property tax reform

soughton property tax reform Amtrak service returns ... soughton property tax reform Lawmakers in Assembly ... stalled property tax reform efforts. The state ... public employee pension reform, the state's school ... on property tax reform might unfold, with ... of property tax reform for New Jersey ... on property tax reform once a state ... on property tax reform and asking voters ... the state's tax system. The Assembly has

Saturday May 27 2006, 10:00AM

Inevitable as death and taxes

the USPS pension system from flowing over ... But this is like a tax refund ... Public business sidetracked   Tax News Identity

Saturday May 27 2006, 09:31AM

Lawsuits, federal probes take their tolls on UnitedHealth

for company tax breaks. UnitedHealth (NYSE: UNH) ... of five pension funds. Those plaintiffs include ... & Fire Pension Fund, Louisiana Municipal Police ... Louisiana Sheriff' Pension & Relief Fund. The ... Paul] Ohio pension funds sue UnitedHealth [Cincinnati]

Saturday May 27 2006, 09:17AM

New York schools not passing the grade

our property tax? Two years ago, our ... have the tax on the land that ... forever and pension benefits that most of ... additional school tax for the fiction that

Saturday May 27 2006, 08:34AM

Major investors call for option disclosures

Council members, who represent pension funds with ... right to tax deductions on compensation exceeding ... Pension funds probably will ask the SEC

Saturday May 27 2006, 08:20AM

Moody's downgrades UnitedHealth

for company tax breaks. UnitedHealth (NYSE: UNH) ... of five pension funds. Those plaintiffs include ... & Fire Pension Fund, Louisiana Municipal Police ... Louisiana Sheriff' Pension & Relief Fund. The ... Paul] Ohio pension funds sue UnitedHealth [Cincinnati]

Saturday May 27 2006, 06:47AM

ANOTHER VIEW: Pension tsunami is closing in on us

Pension tsunami is closing in on ... mounting nationwide pension crisis, it's best to ... Nationwide, unfunded public and private pension liabilities ... generous with pension dollars are facing serious ... that allows pension benefits for state workers ... sorts of pension spiking schemes by workers ... be massive tax increases, increased bond debt ... Even the growing private pension debt could ... The quasipublic Pension Benefit Guaranty Corp, which ... the pension obligations of companies, is running

Friday May 26 2006, 04:21PM

How Austin firefighters pension fund got tangled in questionable tax ...

Austin American-Statesman - Six years ago, the Austin firefighters'pension fund agreed to join tax shelters that Internal Revenue Service Commissioner Mark Everson later described as"abusive transactions"that could damage the integrity of the nonprofits that participated ...

Thursday May 25 2006, 07:35PM

Children for Sale

simultaneously reform pension funding and reverse Portugal's ... proposed tying tax rates for pensions to ... a bachelor tax on the Roman aristocracy ... rapidly—regardless of tax penalties imposed on the

Wednesday May 24 2006, 10:28PM

Contracting-out rebates to end in pensions shake-up

state second pension to fund a low-cost ... the state pension, John Hutton, work and ... second state pension. The savings will be ... low-cost private pension scheme up and running ... possibly fund tax relief on employee contributions ... raising women’s pension age to 65. In-depth: ... basic state pension in line with earnings ... the state pension age. The white paper ... basic state pension to 30 years from ... the state pension age to 66 in ... state second pension. Government figures suggest more ... the national pension savings scheme is consistent ... insurance Your tax Your pension Global investing ... insurance Your tax Your pension Global investing ... UK pension reform  Nov 24 2005 16:39

Wednesday May 24 2006, 10:14PM

Governor Perry Pays Visit to Lufkin KTRE Latest Headlines Governor ...

Money 2006 Tax Guide For Small Businesses ... reformed franchise tax will: -Reward employers for ... in a pension plan, their tax liability ... from the tax, as well as businesses ... those whose tax bill is less than ... local property tax revenues will remind in

Wednesday May 24 2006, 08:48PM

Pension bills will come due

license this Pension bills will come due ... on public pension issues. Let's reflect on ... The employee might prefer a pension if ... offering a pension. Savings can always run ... prefer a pension to higher current compensation ... tax laws favor deferred compensation. Employers and ... Unfortunately, the deferred nature of pension payments ... negotiated higher pension payments in lieu of

Wednesday May 24 2006, 08:05PM

County's proposed budget includes increases for salaries and fuel ...

BISBEE - Salaries and pension issues are ... concerned about pension increases, which he described ... assumed property tax rate, now at 2 ... the (property tax cap)," Call said. "We

Wednesday May 24 2006, 06:32PM

Czech opposition leader promises boom if elected

Communism is officially dead in the Soviet Union, but the Marxist belief that men and women are essentially economic creatures is alive and well at the Kremlin. Earlier this month, Vladimir Putin, alarmed at Russia's declining population, which is falling

Wednesday May 24 2006, 06:17PM

City budget includes deficit-reduction plan

the new tax money to maintain services ... 39 mill tax increase that restored the ... mill tax rate limit the Headlee Amendment ... the city tax rate for the next ... The tax increase is expected generate more ... insurance and pension contributions. The city also

Wednesday May 24 2006, 05:42PM

Tax collections push 2006 surplus over $790 million

Stories Top Stories Tax collections push ... and other tax collections has left the ... Increased tax receipts are direct evidence that ... by income tax collections running $40 million ... Corporation and estate tax revenue also are ... underfunded teacher pension program. "We continue to ... hefty State pension, paid in full of ... the income tax was put in place ... an income tax, and unstable revenues. This

Wednesday May 24 2006, 04:37PM

Congress Should Take Up Pension Reform Before It’s Too Late

Take Up Pension Reform Before It’s Too ... Take Up Pension Reform Before It’s Too ... Pension reform is high on the overloaded ... their defined-benefit pension plans, and for many ... the federal Pension Benefit Guarantee Corp., which ...  Ornstein   Defined-benefit pension plans may be ... to adjust pension benefits downward. This may ... Pension reform has been in a House-Senate ... argue that pension reform can wait. The ... of the pension world. Instead, I want ... The pension reform effort is aimed at ... hence their pension checks, will be when ... predictable private pension, the comfort of the ... The pension future for most of us ... have no pension plan at all, as ... move from pension plan to pension plan ... universal portable pension program. I have lived ... TIAA-CREF, the pension giant that services most ... tank, my pension moved with me. I ... the same pension account regardless of my ... The pension benefit did change, because different ... a refundable tax credit for the working ... no private pension plan and little likelihood

Wednesday May 24 2006, 02:07PM

DeVos economic plan light on detail

job-killing" Single-Business Tax and replacing it with ... broad-based business tax on profits or gross ... a net tax cut that also would ... not a tax on services. More than ... the skyrocketing pension and health-care costs, intense ... tweaking the tax code or revising some

Monday May 22 2006, 12:51PM

Special session on tax reform uncertain

session on tax reform uncertain State not ... state's property tax woes. It wouldn't be ... on property tax reform in the 1970s ... an income tax that was supposed to ... major property tax relief but didn't prove ... consider property tax reform and legislative leaders ... the state's tax structure proposed a statewide ... tax, creating an income tax and reworking ... sales tax. This came as the state ... state income tax. Thirty years later, New ... various property tax reform bills. Codey said ... only property tax reform solution could be ... state sales tax from 6 percent to ... some property tax reform supporters quietly worry ... potential property tax reform option. Assembly Speaker ... public employee pension reforms and a measure

Monday May 22 2006, 09:09AM

Corzine surrenders chance for tax reform

chance for tax reform Home News Tribune ... Jon Corzine seems to think tax reform ... package of pension and school-funding reforms. The ... from one tax to another. He said ... But when it comes to tax reform ... has prevented tax reform in the past ... hammer out tax reform and its various

Monday May 22 2006, 09:09AM

Finding calm in a storm of pension angst

storm of pension angst     Article ... on their pension promises or push responsibility ... Many private pension funds are running large ... Added to these pension worries is what ... of working-age tax filers made an RRSP ... company pension contribution in 2004. So it ... in the pension business. Hamilton is refreshingly ... when RRSP tax deductions are most valuable ... traditional defined pension plans in which retirees

Monday May 22 2006, 09:01AM

Business In business, don't forget personal finances

Simplified Employee Pension, or SEP, could actually ... business a tax break and making it

Monday May 22 2006, 08:47AM

History a poor example of tax reform

example of tax reform By TOM HESTER ... state property tax woes. It wouldn't be ... on property tax reform in the 1970s ... an income tax that was supposed to ... major property tax relief but didn't prove ... consider property tax reform and legislative leaders ... the state's tax structure proposed a statewide ... tax, creating an income tax and reworking ... sales tax. This came as the state ... state income tax. Thirty years later, New ... various property tax reform bills. Codey said ... only property tax reform solution could be ... state sales tax from 6 percent to ... some property tax reform supporters quietly worry ... potential property tax reform option. Assembly Speaker ... public employee pension reforms and a measure

Monday May 22 2006, 06:10AM

Hutton warns of looming pensions crisis

basic state pension by 2012, John Hutton ... the state pension should start to rise ... He said state pension reform would be ... without tax rises. The white paper is ... in the pension age to 68 by ... low-cost national pension savings scheme, with compulsory ... insurance Your tax Your pension Global investing ... UK pension reform Ask the experts:

Sunday May 21 2006, 09:06PM

Crucial NJ Budget Hearing Set For Monday

less in tax revenue than it expected ... 9 billion in tax increases.    The ... collect less tax revenue than expected.    ... avoid Corzine's tax increases, especially his proposal ... the sales tax from 6 percent to ... $1,400-per-month tax on each hospital bed ... public employee pension system or maintaining property ... cut the pension contribution. A recent report ... the state's pension deficit has reached about ... considered various tax alternatives, such as a ... tax on federal income taxes paid and ... the income tax on those who earn ... The hospital tax may be discussed during

Sunday May 21 2006, 03:58PM

Corzine mulls special session on property taxes

intractable property tax problems. Corzine said Thursday ... with property tax reform. If that fails ... tackle property tax reform in a constitutional ... cap property tax levels, as well as ... Corzine's property tax reform panel, appeared with ... shepherd proposed tax increases through the Legislature ... public employee pension reforms and making it

Friday May 19 2006, 11:03PM

Fitch Rates $954MM Detroit Retirement Funding Trust'BBB'; Rating ...

4 billion of outstanding pension certificates to ... the city's pension systems. The COPs are ... through a tax levy without limitation as ... normal annual pension payments, just the scheduled ... establish the pension systems and provide for ... unfunded accrued pension liabilities is further clarified ... the alternative pension liability funding. The city ... history of pension funding and rapid amortization ... Through the pension certificates, the funding improved ... the 2005 pension certificates the city had ... extend the pension amortization period, it structured ... State law and GASB require pension liability ... the two pension systems. Through an interest

Friday May 19 2006, 10:48PM

Profile: Secretary of Labor Elaine Chao

for his tax relief efforts. "Thanks to ... Bush's tax relief, the economy is expanding ... outlined a pension reform package that would ... changes in pension, tax and other laws ... and the pension security of 34 million ... this new pension package through Congress, but

Friday May 19 2006, 10:12PM

By SHELLEY GEBHARDT

— federal tax liens totaling about $7 ... spokesman for Pension Benefit Guaranty Corp., after ... its employee pension fund, PBGC filed the ... Press, the Pension Benefit Guaranty Corp. filed

Friday May 19 2006, 09:58PM

Pension bill not imminent at Capitol

nation's employer-based pension system, Republican negotiators said ... to defined-benefit pension plans. But the two ... into their pension plans. Automakers strongly oppose ... and the pension legislation was one topic ... for determining pension obligations, require companies with ... protect the Pension Benefit Guaranty Corp., which ... pushes the pension agency closer to a ... package of tax breaks, including extension of ... college tuition tax breaks, would likely be ... to the pension bill. Today's Top Stories

Friday May 19 2006, 09:29PM

The appeal of putting some risk into your pension pot

into your pension pot By Lucy Warwick-ChingPublished: ... incur a tax charge unless they are ... by the pension scheme or an associated ... use the tax breaks of a pension ... the pot tax free,” says Robins ... insurance Your tax Your pension Global investing ... insurance Your tax Your pension Global investing ... Wealthy investors await clarification on pension

Friday May 19 2006, 07:28PM

Negotiators say pension bill won't be finished before Memorial Day

Negotiators say pension bill won't be finished ... nation's employer-based pension system, Republican negotiators said ... to defined-benefit pension plans. But the two ... into their pension plans. Automakers strongly oppose ... and the pension legislation was one topic ... for determining pension obligations, require companies with ... protect the Pension Benefit Guaranty Corp., which ... pushes the pension agency closer to a ... package of tax breaks, including extension of ... college tuition tax breaks, would likely be ... to the pension bill.  On the Net:

Friday May 19 2006, 07:13PM

Colorado Referendum C

and police pension programs. Backers of Referendum ... because it does not increase tax ... tax increase” because Coloradans would forgo ... for such tax breaks as: an earned-income ... a charitable-contributions tax credit; a tax ... state tax credits to offset part ... capital-gains tax refunds; and tax credits ... a new tax break that would take

Friday May 19 2006, 07:13PM

Lawmakers Battle Over Charity Measures

abuses of tax laws by donors and ... a major tax bill. But all those ... in abusive tax shelters. Sen. Charles E ... pension legislation that would tighten rules ... America's private pension system. Congressional leaders are ... on the pension measure by the end ... on the pension bill. He is suggesting ... on their tax returns  more than two-thirds ... to income tax. Individuals and companies would ... in the pension bill, chances are slim ... that the pension bill might be the

Friday May 19 2006, 04:29PM

Jonesboro, AR 72401

two different pension plans, depending on their ... 5-mill Fire Pension tax, along with state ... new firefighter pension plans. A separate 0 ... property tax funds police pensions. The retirees ... The pension tax enacted by voters originally ... of property tax. It was reduced to ... authority the tax rate was reduced. Crego ... to the pension plans. The committee will

Friday May 19 2006, 02:41PM

Fort Worth mayor seeks additional directors for board of pension fund

board of pension fund By YAMIL BERARD ... its billion-dollar pension fund, Mayor Mike Moncrief ... 6 billion pension fund. The team is ... Fort Worth's pension fund a top concern ... Moncrief wants Jordan on the pension board ... and the pension board are recommending that ... That could require a tax increase. Employees ... to the pension. State law caps the ... practices" of pension funds in Texas and

Wednesday May 17 2006, 12:35PM

City budget runs buses

4 million without tax increase By JOHN ... to the pension plan, implements the city's ... the property tax rate. ADVERTISEMENT  Since this ... new certified tax rate which is revenue ... Last year's property tax rate was $1 ... in new pension money because of recommendations ... and the pension fund. "We hadn't adjusted ... The pension committee voted 5-1 to do ... the certified tax rate, which would increase

Wednesday May 17 2006, 12:21PM

Macomb predicts another deficit

even a tax hike -- at a ... considering a tax increase. Republicans have proposed ... on a pension system that allows employees ... a new pension system when the three-year

Wednesday May 17 2006, 11:38AM

Paying more for less

Spending on health and pension benefits has ... Meanwhile, an average single-family tax bill has ... and running pension plans on their own ... See your property tax bill for confirmation

Wednesday May 17 2006, 10:40AM

DeWeese survives Danko

boosted the pension he will receive when ... his annual pension. His pension would be ... 5-percent sales tax. Danko said he would

Wednesday May 17 2006, 10:12AM

Mitchel Olszak: Hey, how about a special tax on people who don't vote?

Hey, how about a special tax ... Find a way to generate tax ... to the pension fund, which is covered ... special wage tax imposed on all people ... a poll tax. In order to vote ... pay a tax. The intent was to ... a non-poll tax? Instead of taxing people ... why not tax those who don’t vote ... over a tax bill — say for ... Not only would the tax draw more ... To avoid the tax, all they would ... Hey, how about a special tax ... Competitive wages, benefits, and pension package. Fax

Wednesday May 17 2006, 10:05AM

Macomb Briefs

the proposed tax rates. The budget was ... The police and fire pension millage is

Wednesday May 17 2006, 08:53AM

Republicans say more work needed on tax policy

needed on tax policy DES MOINES, Iowa ... state income tax, his nickname may be ... their income tax burden. That's why Golden ... While lawmakers recently passed a tax plan ... the state's tax on Social Security income ... for other pension income for single filers ... by the tax cut for seniors that ... done on tax policy. A slight Republican ... compromise on tax reform during budget negotiations ... no income tax. He said that even ... wants income tax off that." Of Iowa's ... a well-crafted tax policy can help keep ... says, the tax difference wouldn't even have

Wednesday May 17 2006, 06:16AM

Five-cent cut in property tax still in the cards

in property tax still in the cards ... the property tax rate. A vote is ... pension plan and other programs. In ... million in pension enhancements for school system ... 5-cent property tax cut to a nickel ... 5-cent property tax rate cut, introduced by ... one-time $221 tax credit. Under the plan ... that offering tax credits to homeowners whose ... the property tax rate by 4 cents ... the property tax rate, but giving homeowners ... All three property tax proposals would meet ... on county-collected tax revenues. So far, the ... fiscal year, tax advocates and more fiscally ... affects their tax bills.” But other

Wednesday May 17 2006, 04:14AM

Watchdog files liens against NYRA for lapsed pension payments

for lapsed pension payments Email this story ... two federal tax liens after failing to ... two employee pension plans, according to a ... The Pension Benefit Guaranty Corp. filed the ... pays the pension debts, but NYRA officials ... but the pension debt from 2005 and ... The Pension Benefit Guaranty Corp. was created

Tuesday May 16 2006, 09:04PM

Let's make a deal on public works projects

with the tax revenues for all this ... inhospitable to tax increases and where repair ... that state pension funds invest $15 billion ... voices "  Tax cuts: who gains from

Sunday May 14 2006, 09:43PM

MICHELLE LaLONDE, The Gazette

$400m deficit Tax hikes possible Zampino calls ... Tax increases or significant cuts in city ... introduce a tax on private outdoor parking ... the "amusement tax" that Montreal once collected ... harmonization of pension plans across the island ... services or tax increases. "We certainly don't ... In terms of tax increases, we would

Sunday May 14 2006, 01:57PM

Tax vote to keep economy healthy

AM EDT Tax vote to keep ... of something, tax it less. If you ... of something, tax it more. This self-evident ... with a pension plan or 401(k) account ... and Growth Tax Relief Act of 2003 ... the lowest tax brackets. These lower rates ... of something, tax it less. If you ... of something, tax it more. After the ... a major tax increase by extending the ... tax rates on capital gains and dividends ... $31 billion tax increase on middle-income taxpayers ... Alternative Minimum Tax. Another provision of H ... 4297 extends an expiring tax provision for ... 2003, when tax relief had just been ... a large tax hike on individuals, families ... the 2003 tax relief package, the federal ... than usual Tax vote to keep economy

Sunday May 14 2006, 10:51AM

Clawbacks sting seniors

to promote tax prepaid savings plans With ... a healthy pension. They also each had ... Canada Pension Plan and Old Age Security ... her husband's pension was halved when he ... my income tax." SUPPLEMENT HARD TO GET ... bond and tax on the principal increasing ... and provincial tax bites. The number of ... seniors' marginal tax rate - the rate ... tax on all their income once GIS ... don't allow tax on them to be ... funds and Tax Prepaid Savings Plans -

Sunday May 14 2006, 10:01AM

Lawmakers weigh budget options

Corzine's proposed tax increases may be few ... a monthly tax they claim would drive ... 9 billion in tax increases, including boosting ... sales tax from 6 percent to 7 ... 400 bed tax on hospitals. Lawmakers might ... around the tax increases, but Sen. Wayne ... public employee pension system for the first ... 3 billion contribution to the pension fund ... Expanding a corporate business tax to health-insurance ... Corzine's proposed hospital tax is a response ... trigger that tax, but legislators aren't convinced

Sunday May 14 2006, 09:11AM

Study the numbers closely, then vote in school elections

the nation, tax increases that exceed inflation ... care premiums, pension contributions and other expenses ... the overall tax burden, though the impact ... raising its tax levy by more than ... districts where tax levies go up by ... a higher-than-inflation tax hike is in the ... are proposing tax levy increases of less ... 75 percent tax levy increase. In neighboring ... raise the tax levy 6.6 percent ... 5 percent projected tax levy increase. In ... set two tax levy increases. One is ... the lowest tax increase they have seen ... 8 percent tax levy possible could end ... With a tax levy increase of less ... 75 percent tax levy increase. A contingency ... Nevertheless, the proposed tax increase is too ... of a tax increase. Polls are open

Sunday May 14 2006, 08:35AM

How should state spend pile of cash?

to public pension systems will balloon in ... a general tax increase. State Treasurer Judy ... down its pension debt. Agencies that critique ... improve your pension funding, all those tend ... down its pension debt. The state’s public ... “Because the pension payment is escalating,”

Sunday May 14 2006, 08:21AM

Voters to decide sales tax hike

Voters to decide sales tax hike ... city's sales tax from 1 percent ... city sales tax, the state levies ... percent sales tax. There is a ... city sales tax collected on any ... the sales tax will reduce to ... escalating, sales tax collections are increasing ... in sales tax collections will be ... quarter sales tax collections increased 13 ... increased property tax values and sales ... cent sales tax." Dennis Kemmesat, a ... a sales tax is a fair ... the sales tax increase, doesn't agree ... the sales tax increase would ultimately ... into the pension fund. Harms also ... proposed sales tax increase as a ... tax, placing an unfair burden on ... a regressive tax," Neu said. "Regressive ... Bismarck's sales tax is currently lower ... city's sales tax is being reduced ... percent sales tax for infrastructure needs ... the sales tax increase does. Many ... the sales tax is not the ... a regressive tax is. See: "People ... a sales tax is technically a ... tax but what Mr. Nue is ... a regressive tax is, please read ... A regressive tax is a ... a fixed tax — every person ... a poll tax (a “head” tax ... be a tax to vote). Alternatively ... be a tax on consumption such ... A regressive tax places proportionately more ... "If Bismarcks tax is lower

Sunday May 14 2006, 07:59AM

County's plight sad, not desperate, Ament says

He waived the ultra-generous pension enhancements granted ... comfortable annual pension of $87,875. It's ... the infamous pension sweeteners. He thinks talk ... level property tax levy," Ament said. "That ... maximum property tax increases, saying that approach ... the regular tax boosts in Ament's era ... for his pension is really what it ... of the pension and sick-leave payout deals ... about the pension deal, which he has ... reduced monthly pension payouts. He says the

Sunday May 14 2006, 04:17AM

Burlington faces tax rise to cover pension underfunding

Money 2006 Tax Guide For Small Businesses ... Burlington faces tax rise to cover pension ... Burlington Pension Fund Faces Reform High Winds ... -- The city faces a tax increase ... its employee pension system over the past ... a full pension fund payment this year ... To make its current pension payments requires ... 81 cents of the property tax, which ... The pension fund is one of the ... Kiss described the pension problem as "manageable ... for a tax increase. City revenues have ... state sales tax, which should generate $800

Saturday May 13 2006, 05:33PM

Auburn budget woes

percent property tax increase. The budget must ... including additional pension contributions, less one-time revenue ... and minimal tax hikes in recent years

Friday May 12 2006, 01:02PM

Marinwood feels heat on fire plan

Facing rising pension costs and long-term budget ... the sales tax, which will bring in

Friday May 12 2006, 12:55PM

Maryland's lieutenant governor on his bid for U.S. Senate seat

research, expand tax credits for hybrid vehicles ... the state's pension system. Two of your ... when the pension system was altered to

Friday May 12 2006, 12:55PM

State NFIB head moves on

Security and pension income. He was disappointed ... and decried inaction on property tax

Friday May 12 2006, 10:18AM

Pension plan favors neither side

Subscribe now Pension plan favors neither side ... $130 million pension fund for police and ... city sales tax revenue, rerouting it to ... pension fund if certain conditions weren't met ... and fire pension fund, and it will ... to the pension system, but it has ... direct municipal pension funds such as Springfield's ... by the pension plan retired at once ... avoid a pension meltdown," said Smith, R-Sedalia

Friday May 12 2006, 09:20AM

Improving efficiency makes sense for N.J.

power to tax New Jerseyans. That's far ... highest combined tax burden of any state ... the state's tax woes. What it offers ... the state pension system; and establish a ... been property tax rates that climb every

Friday May 12 2006, 08:09AM

Lewisburg school board OKs tentative $22.5M budget

4-mill tax increase for property owners, which ... in the pension fund, health insurance and

Friday May 12 2006, 06:57AM

'Conduct Unbecoming': Wages of sin

Outmoded state pension laws, and the failure ... Pension laws have been updated and there's ... 100-a-month tax-free pension. Egregious violations of the ... Should a public employee's pension ever be ... rights to pension more MOST E-MAILED ·

Friday May 12 2006, 01:07AM

When It Comes to Taxes, Other Countries Have It Worse

FINANCE > TAX PLANNING When It Comes ... their recent tax bill might be reluctant ... report comparing tax rates in 30 countries ... to the tax man in 2005, with ... to income tax and 14% to the ... These figures are based on tax rates ... to income tax and Social Security combined ... Social Security tax, and Mexico is No ... in income tax and Social Security taxes ... of OECD's tax policy and statistics division ... com's Tax Planning page. Residents in many ... how much tax they collect on when ... amount of tax in comparison to the ... on the tax it collects, it collects ... particularly high tax on labor income, though ... including income tax, sales tax, taxes on ... list, with tax revenues at about 50% ... I'm sure the people filing tax returns ... from income tax and you don't have ... value-added tax," Heady said. "In European countries ... High tax bill, strong safety net The ... a private pension. Usually, also, there's better ... com's Tax Planning page. Copyright (c) 2006 ... FINANCE > TAX PLANNING BACK TO TOP

Thursday May 11 2006, 08:06PM

UnitedHealth may restate earnings, lose tax deductions

windfall profits tax on oil companies? UnitedHealth ... restate earnings, lose tax deductions Los Angeles ... and lose tax deductions, which could reduce ... CalPERS, the nation's largest public pension fund ... eligible for tax deductions for the company ... for the tax break. Send us your

Thursday May 11 2006, 06:40PM

Arkansas Business News Story

assistant and tax counsel for U.S ... investing state tax dollars, among other duties ... smaller state pension funds that bring the

Wednesday May 10 2006, 01:02AM

300 employees of Fort Lauderdale have compensation above $100,000 a ...

paid with tax dollars. The full list ... Justinak's pension alone cost taxpayers $53,601 ... for his pension fund last year. The ... He earns a city pension of $66

Wednesday May 10 2006, 12:47AM

Committee agrees to deferred school tax plan

Committee agrees to deferred school tax plan ... this year's tax rate increase to 1 ... 4-cent tax rate increase, down 1 cent ... 5-cent tax rate increase. The operating budget ... in the pension program and a 96 ... the state pension coffers. For several years ... into the pension fund and have recently ... lower the tax rate for the municipality ... The deferred school tax resolution passed by

Tuesday May 09 2006, 11:50PM

Republicans back Ruud, Howes for fall race

Agreeing with Howes about tax increases, Ruud ... for income tax subtraction for military pension

Tuesday May 09 2006, 10:24PM

Print-friendly version

of a pension. Better to downsize than ... Scout for tax breaks Engel has one ... of a tax issue," says Garrett. Parents ... a lower tax rate and are entitled ... $1,000 tax credit for each child ... (For more on the tax issues of ... enjoyed another family-friendly tax break: a credit ... back at tax time? Don't be. Whereas

Tuesday May 09 2006, 09:06PM

Whether state budget is balanced depends on who's looking at it

to already-underfunded pension systems, on top of ... Center for Tax and Budget Accountability. That ... nation's worst-funded pension systems. The gap between ... The pension systems have about 60 percent ... in the pension problem with a borrowing ... made enough pension progress to justify slowing ... advocate for pension reforms. He calls it ... to your pension system," said Msall, president

Tuesday May 09 2006, 01:46AM

Government Surplus

Paws-itively Pets Tax Tips Dr. Phil's Tip ... what our tax dollars originally purchased. The ... into the pension for fire and policemen ... from a tax increase. To search for

Monday May 08 2006, 11:44PM

SUSAN TOMPOR: Save more to fill pension gap

to fill pension gap 401(k)s ... that your pension has been ... has a pension check waiting ... a traditional pension anyway. A ... also offers tax breaks to ... or traditional pension, promises a ... lid on pension payouts for ... 1, 2007, cash-balance pension plans ... like a pension and sort ... like a pension. Yet unlike ... more traditional pension, workers see ... had a pension and instead ... freeze their pension. • Sprint ... a big pension check from ... an unexpected pension pinch. A ... companies dilute pension benefits, freeze ... dwelling on pension changes. The ... getting smaller pension checks years ... about their pension concerns. Many ... of the Pension Research Council ... 000 traditional pension plans have ... building additional pension benefits for ... by the Pension Benefit Guaranty ... issue, as pension benefits often ... the way pension formulas are ... or her pension is frozen ... cover that pension gap, or ... fill that pension gap of ... when a pension is frozen ... get "gold-plated" pension benefits -- ... The median private pension was ... a larger pension. Last month ... pension plan as of Oct ... salaried pension plan as of ... its cash-balance pension plan for ... a traditional pension, but get ... And while the pension plan ... will demand pension concessions from ... get a pension of $2 ... from no pension or a ... pension if they start saving

Monday May 08 2006, 09:21PM

Senate passes revised pension bill without one-year delay

Senate passes revised pension bill without one-year ... a new pension plan for government workers ... a traditional pension plan to a 401(k)-type ... Alaska House passes oil tax 9 Spending ... awaits oil tax plan action 9 Last-minute ... on oil tax bill Deal would avert ... on oil tax bill Senate passes revised ... Alaska House passes oil tax 9 Spending ... awaits oil tax plan action 9 Last-minute ... on oil tax bill Deal would avert ... on oil tax bill Senate passes revised

Monday May 08 2006, 11:41AM

Outgoing pension official proud of his work

Marin Independent Journal - A Marin County pension official who is stepping down as president of a state retirement system group says he is proud of working to scuttle a state legislator's effort to reform the public pension system. Milbrey"Casey"Jones of Belvedere, president ...

Sunday May 07 2006, 12:47PM

Blagojevich gets campaign boost from legislature

Arlington Heights Daily Herald - SPRINGFIELD — Gov. Rod Blagojevich got just about everything he wanted in this year’s state budget, sending the Chicago Democrat into his re-election race with a strong political tailwind. Ready for his signature are popular plans to expand ...

Sunday May 07 2006, 12:25PM

John Raese for Senate

HuntingtonNews.Net - MILLER: I think we need to consistently raise the bar. I also believe in good vocational and community college education. I think more money belongs in the locally in the schools rather than in Charleston. We need more control in our own community ...

Sunday May 07 2006, 08:29AM

Tax returns aid financial planning

Bradenton Herald - W ith tax returns completed and mailed, most people breathe a sigh of relief and forget about the Internal Revenue Service for another year. However, the information you gathered to satisfy Uncle Sam may be just what you need to begin organizing your ...

Sunday May 07 2006, 08:08AM

State budget built on borrowing -- again

Pantagraph - Adoption of a $55 billion budget for Illinois next fiscal year is nothing of which we should be proud. It's a budget built to garner votes, not to put the state in a better fiscal condition. New programs that can be used as campaign hype were added ...

Sunday May 07 2006, 06:06AM

Heard Off the Street: A whole lot of'other'fueled executives ...

Pittsburgh Post-Gazette - The region's highest-paid executives took it on the chin last year, as the average total compensation among The Post-Gazette's Fortunate 50 fell 16 percent. Salaries and bonuses were down. So were grants of restricted stock and gains from exercising ...

Sunday May 07 2006, 05:02AM

Claims of budget crises are a rite of summer

Milwaukee Journal Sentinel - You could mark your calendar by it: the summer announcements of something like $50 million in"revenue shortfalls"and dire predictions of massive cutbacks or big tax increases inevitably fade by autumn, after a few weeks of legislative work. In 1991 ...

Sunday May 07 2006, 04:54AM

County's road to insolvency?

Milwaukee Journal Sentinel - Minutes after the all-day session began, Stephen Agostini, who had called them together, uncorked the bad news: Milwaukee County government might not have a future unless they reinvent it - soon. Thus began a drive to force gut-wrenching decisions ...

Sunday May 07 2006, 04:40AM

'Win-win'pension deal

MSNBC - Gov. Bill Owens and lawmakers reached a deal on the thorny issue of state pension reform Friday with a compromise that rules out the need for a taxpayer bailout.Neither the Democrats who control the legislature, the Republican governor nor the 370 ...

Sunday May 07 2006, 04:11AM

Regional Roundup

Lodi News-Sentinel - Three days after an alleged drunken driver triggered a fatal high-speed crash on Interstate 5 near Lodi, the man remains hospitalized. Matthew Duglas White, 24, was driving between 100 and 130 mph, swerving around northbound traffic when he veered ...

Saturday May 06 2006, 07:29PM

State tax collections drop

alerts State tax collections drop Posted by ... Hopes to avoid tax increases and massive ... collect fewer tax dollars this year than ... governor's proposed tax increases and spending cuts ... considering additional tax increases. "We've no choice ... cuts and tax increases. Abelow on Thursday ... cutting property tax rebates and slashing a ... public employee pension system. E-mail article Print

Thursday May 04 2006, 11:20PM

Wayne Cheveldayoff, Canadian Press

income for tax savings     Article ... Canada's income tax system provides couples with ... a marginal tax rate of around 46 ... cited by tax specialists. 1. The higher-income ... cent marginal tax rate contributes $10,000 ... get a tax refund of $4,600 ... 22-per-cent marginal tax rate later withdraws the ... Also, the tax authorities apply a last-in ... of Canada Pension Plan (CPP) benefits to ... pay income tax on any income from

Thursday May 04 2006, 09:47PM

Web SooNews.ca

corporate income tax and pension funding. But

Thursday May 04 2006, 08:07PM

Strong demand defies rising rates, but supply is tight

Library Taxes Tax Watch Daily Tax Tip ... of underfunded pension and health-care obligations -- ... to their pension obligation, just like corporate

Thursday May 04 2006, 06:13PM

NN council revises budget, lowers real estate tax rate

archives Some tax relief The Newport News ... lower the tax rate, but rising assessments ... $1,860 tax bill With the average ... $2,178 tax bill. TOP STORIES Wildfire ... real estate tax rate The new version ... 18M and cuts the tax rate by ... real estate tax rate by 4 cents ... real estate tax rate unchanged, making Newport ... real estate tax rate. Hildebrandt said the ... the city's pension fund, which has shrunk ... real estate tax rate cut will bring ... thinks delinquent tax collections will increase. And

Thursday May 04 2006, 05:15PM

South Butler considers 5 percent tax hike

South Butler considers 5 percent tax hike ... About the tax hike Here's how taxes ... Old tax rate: 107 mills. New tax ... Old tax bill: $1,605. New tax ... Tax increase: $79. Coming up Who: South ... percent property tax increase for the 2006-07 ... 5 percent tax increase. That would add ... One mill of tax revenue generates about ... that the tax hike alone would not ... is awaiting tax money or government subsidies ... 000 in pension contributions and $140,000 ... average annual tax increases of about 4 ... approve property tax increases on the level

Thursday May 04 2006, 05:01PM

Plan offers relief for some

the property tax deal hatched earlier this ... They'll get tax relief immediately, courtesy of ... More tax relief will flow their way ... for property tax rebates will jump from ... That's true tax relief. And that's welcome ... whether this tax reform package lives up ... where the tax relief in tax reform ... Estimates put the property tax reductions at ... A couple of tax hikes, and property ... substantial property tax reductions, but only by ... That's a tax shift, not tax relief ... reject property tax increases above an inflation-based ... in future tax increases is loaded with ... The tax reform deal that materialized dodges ... the looming pension crisis that threatens to ... developed this tax reform plan. So, forgive ... butt' on tax reform Timely and just ... curbs Gasoline tax furlough a clear option

Thursday May 04 2006, 03:35PM

Prime Minister Harper in the House of Commons, Wednesday.

that Tory tax measures raise income taxes ... host of tax breaks, new funding for ... and tax subsidies for seniors -- and ... The budget also offers tax cuts for ... Canadians the tax breaks they deserve. The ... Overall, the Conservatives say their tax breaks ... amount of pension income that can be ... tax free, and pledges to help with ... offers sweeping tax relief Tory budget offers ... public transit tax credits $5B Kelowna deal ... Jack Layton on corporate tax cuts 

Thursday May 04 2006, 02:02PM

Pension Problems Extra Part II: Teacher's Funds

KARE 11 TV - Pension Problems ... Check 11 Pension Problems Extra Part II: ... Rick Kupchella's Pension Report The Minnesota Taxpayers ... largest public pension funds and found that ... about your pension," Luck is asked by ... willingness to tax." The Minneapolis Teacher's fund ... Mike Stolte is a pension analyst and ... the private pension fund at Minnesota's 3M ... only teacher's pension fund struggling with its ... chairs the pension commission overseeing the funds ... Kirby Puckett Pension Problems Extra Part II:

Thursday May 04 2006, 01:19PM

U.S. economy forging ahead

frozen" their pension plans. If your company ... When a company freezes its pension plan ... Companies that freeze their pension plans might ... from a pension plan to a 401(k) ... always are tax free, distributions must meet ... Earnings also can be tax free once ... of your pension plan. Here are some ... If your pension had not been frozen ... see your pension frozen. But by managing

Thursday May 04 2006, 08:04AM

Headed in the wrong direction?

Social Security pension and survivors' benefits, 8 ... make the tax cuts of his first ... make his tax cuts permanent and enacted ... alternative minimum tax, which was designed to ... more middle-class tax payers, that would represent

Tuesday May 02 2006, 10:44AM

Southern Illinoisan

ending a tax break on some computer ... Blagojevich's proposal to offer tax credits for ... million in tax credits would become $70 ... state's ailing pension systems, freeing up that

Tuesday May 02 2006, 10:37AM

Candidates divide on city

Pension enhancement is a self-inflicted wound," he ... half-cent sales tax increase, a proposed liquefied ... transient occupancy tax revenue would be enough ... pace for tax revenue Deadliest pollution still

Tuesday May 02 2006, 10:01AM

Idaho ranks 4th with cheap gas

It's like a $21 million tax," Ferguson ... But if a tax is levied by ... when all pension payoffs and stock options

Tuesday May 02 2006, 09:04AM

Panel seeks Big Oil tax data

Big Oil tax data BY H. JOSEF ... the companies' tax returns. The Senate Finance ... inspect their tax returns for the last ... by the tax man," said Grassley in ... seek corporate tax records. The last time ... for the tax records of Enron Corp ... and some tax provisions that save oil ... said the tax records of the major ... compliance with tax laws. "As pressure mounts ... the federal tax posture of the industry ... when all pension payoffs and stock options ... and some tax provisions that save oil ... a large tax bill, is considering a

Tuesday May 02 2006, 08:35AM

Centreplex, fire service over budget

the county tax digest, which must be ... before property tax bills can be sent ... collecting property tax money, reignited concerns that ... of property tax revenue is key to ... And with Bibb County Tax Commissioner Tommy ... at another tax anticipation note. In the ... with higher pension benefits, but there is ... from the pension fund or that it

Tuesday May 02 2006, 08:14AM

State moves closer on budget

offer tuition tax credits to families of ... Although state tax revenues have rebounded since ... the state's pension funds. That had House ... college tuition tax break, which would have ... 1,000 tax credit for students earning ... and for tax breaks to buyers of

Tuesday May 02 2006, 06:33AM

Legislature to vote on tax cuts

Legislature to vote on tax cuts   ... state property tax and rent rebate program ... All homeowners would get property tax reductions ... a property tax relief bill aimed at ... state's property tax and rent rebate program ... for property tax cuts, and distributes gambling ... Property tax relief is finally on the ... state's property tax and rent rebate program ... The property tax breaks would not be ... lower property tax cuts from gambling revenue ... pay for tax cuts for senior citizens ... a smaller "pension piglet" sat atop the ... accrued higher pension benefits as a result ... any property tax reform having significant influence ... made property tax relief the cornerstone of ... The pre-election tax package "is politics. It's ... Potts said the final tax plan should ... historic" property tax relief and proponents said ... Legislature to vote on tax cuts Click

Tuesday May 02 2006, 06:12AM

House, Senate leaders finalize tax reduction plan

leaders finalize tax reduction plan By Alison ... a property tax reduction plan early Monday ... an income tax. The plan is now ... for property tax and rent rebates in ... first property tax reductions from gambling revenues ... reject the tax shift across the state ... a property tax cut. There's no question ... get a tax cut." But Bucks County ... keep the tax base local rather than ... largely about tax shifting. Lawmakers in both ... like a tax increase," LaValle said. The ... in senior tax rebates, which will come ... in property tax relief from gambling revenues ... the property tax plan for better funding ... expanded property tax and rebate program with ... income, plus pension and investment income. Alison

Tuesday May 02 2006, 05:00AM

State to OK modest property tax relief

modest property tax relief Provides some ... modest property tax relief to Pennsylvanians ...   Property tax reform at a ... Highlights of the tax relief bill: ... increases in tax rebates for low-income ... $400 in tax relief from slot ... additional property tax reductions by approving ... earned income tax. "Back-end" referendum allows ... provide immediate tax relief to low-income ... provide modest tax relief to all ... out a tax relief bill. Sen ... the property tax measure will pass ... as much tax relief as some ... Property tax relief is finally on ... give unprecedented tax relief to those ... $500-a-year property tax or rent rebates ... Seniors whose property tax bills still ... Property tax relief was one of ... Two tax relief panel members, Sen ... need the tax relief bill to ... year in tax or rent rebates ... Besides the expansion of tax relief ... an estimated tax break of $200 ... get some tax relief once the ... major feature, tax shifting. It would ... additional property tax relief by increasing ... earned income tax. Voters would be ... vote on tax shifting in a ... The tax shift would not apply ... earned income tax rate already is ... certain employee pension costs, costs for ... provide enough tax relief. He called ... the sales tax, by taxing food ... the sales tax regressive, hurting poorer

Tuesday May 02 2006, 05:00AM