TSPR Local

37th Annual Railroad Days
6:17 am
Fri June 27, 2014

Railroad Days' Activities Return to Main St.

Credit jimmy thomas / Flickr Creative Commons

Organizers of Galesburg’s Railroad Days said they expect the event to draw a much larger crowd due to a change in scenery.

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Taking Job in Oregon
6:15 am
Fri June 27, 2014

Fort Madison City Manager Resigning

Fort Madison City Manager Byron Smith

Fort Madison is in the market for a new city manager, as Byron Smith has resigned after five years on the job.

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Pensions
6:43 am
Thu June 26, 2014

Teacher Pension Fund Lowers Expected Investment Return; State's Obligation To Grow

Originally published on Wed June 25, 2014 11:03 am

  The Illinois Teachers' Retirement System says it expects a lower return on its pension investments in the next year. That means the state will have to cover more of the cost of teacher pensions.

TRS says it's still a good assumed rate of investment return at 7.5 percent. That falls in line with similar pension systems nationwide. But it's not as profitable as 8-percent, which TRS had been using for the previous few years.

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Restore Illinois
6:43 am
Thu June 26, 2014

Rauner Plans To Close Tax "Loopholes," Change EDGE Credits

Originally published on Wed June 25, 2014 4:12 pm

  Republican candidate for governor Bruce Rauner has unveiled what he says is phase three of his plans to "Restore Illinois." It's focused on how the state taxes businesses.

In a statement — he released the plan via social media, rather than at a live event — Rauner says he wants to close "special interest loopholes."

Like a tax break for buying a racehorse.

And, in a risky move as he seeks to win newspaper editorial boards' endorsements, he wants Illinois to begin taxing newsprint.

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3-3 Vote During Special Meeting
6:24 am
Thu June 26, 2014

Keokuk School Board Deadlocked on Contract

The Keokuk School Board failed to extend the contract for Superintendent Tim Hood during a special meeting Wednesday night.

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