Governor's budget proposal includes tax savings for Illinoisans

This week, Governor J.B. Pritzker will propose that state lawmakers pass legislation that would put a few extra greenbacks in the pockets of Illinoisans.

The upcoming proposal outlines three tax breaks for residents. It includes suspending the 1% sales tax on groceries for one year. State motor fuel taxes were set to increase this year. That rate hike would be frozen at 39 cents per gallon. The biggest savings in the governor's play would come by way of a property tax rebate of up to $300 for homeowners.

Homeowners will still be able to deduct the normal 5% rate of their property tax bills up to $300 from their income taxes, but the new plan would double the value of that deduction with a direct one-time payment. This rebate will apply to workers making $250,000 annually or less or to couples making $500,000 or less.

Taxpayers will get that in the form of either a check or an electronic deposit after filing a state income tax return. A return must be filed even if the individual does not owe anything in taxes.

Collectively, Illinois consumers would save about 1 billion in taxes if legislators advance the proposal. With inflation at 7% and mid-term elections on the horizon, the abatement would be paid by the nearly 1 billion currently in surplus thanks to marijuana tax revenues and federal Covid relief monies the state has received.

The reduction in tax levies would last one year. However, there is scuttlebutt that they could remain in place a bit longer.

Pritzker is not the only governor looking to cut taxes for their residents. Indiana and New York are also attempting to advance proposals aimed at lowering taxes for their residents.

Fundraiser for future local Olympic figure skater ends next week

ST. JOSEPH -- Catia Schulte, of St. Joseph, has been invited to compete at the 2022 Excel National Festival in Boston. To help cover her expenses to compete at this national ice-skating event, she is doing a Laundry/dish soap fundraiser.

If you would like to help out, you will need to place your orders by Tuesday, February 1. Follow this link to view the available products.

Catia fell in love with figure skating at an early age. Now she has the opportunity to compete against some of the best skaters in her age group from around the country.

"I enjoy how this sport combines the physical challenges - jumping and spinning on the ice - with the grace and beauty of the choreography while skating to music. I really like competing," she said. "From the moment I first stepped on the ice, I felt that this is what I am supposed to be doing."

She added: "My dream is to make it to the Olympics, or even to the US Championship! I love the feeling of putting on my skates and skating my routine."

Catia working hard toward competing at the highest level.

"She stepped on the ice for the first time in January 2019 and received first place in her first competition that summer," said her mother, Carrie Gillespie-Schulte. "Catia is training in preparation of rigorous USFS Moves in the Field and Freeskating tests. Passing these tests gives her the opportunity to participate in qualifying competitions that give her the chance to participate in the events we hear more about: US Championships, World Championships, Olympics, etc." "

The Excel Series competitions bring together skaters of all ages the opportunity to get the feel of a nationwide competition while they improve their technical ability and skills on the ice. Catia's trip to Boston will bring her one step closer to becoming yet another Olympic athlete from St. Joseph.

Time is running out to help. For more information or to place an order to help send Catia to the Excel Series message Carrie Gillespie-Schulte on Facebook.