taxes

https://goo.gl/5vRB3s / Philanthropy.com

People who raise money for nonprofits and foundations are facing new challenges.

Michelle O'Neill reports one expert says a new, federal tax law is a big cause for concern.

Stacy Palmer, Editor of the Chronicle of Philanthropy, says overall, charitable contributions have been increasing, from low income earners and those on the high end. But middle income earners are the group that's giving less. 

Chart comparing this year's Davenport budget to the proposed FY 2017 budget
submitted / City of Davenport

Next year, Davenport residents may pay more for sewers, garbage, and water. At the same time, the city does not plan to raise taxes.

To raise much needed revenue, and correct a long-standing mistake, property taxes may go up next year for residents of Rock Island County. Wednesday, the county board's budget committee will consider a proposal from county administrator Dave Ross to raise taxes 16 per cent.

He says most of the new money would pay social security and retirement contributions for employees because for nearly 20 years, the county has not collected enough money for these funds.

The future of playgrounds, tracks, and tennis courts is up to residents in one local school district. Today, voters in the Bettendorf School District will decide whether to approve the Public Education & Recreation Levy, or PERL.

The proposed levy is 13.5 cents for every $1,000 in property value. It would pay for playground upgrades at 6 elementary schools and a new tennis court and track at Bettendorf High School. 

High state income taxes cause people, businesses, and money to move out of the Quad Cities, and the Midwest. That's according to author and small business owner, Travis Brown. This week, the St. Louis entrepreneur is in Illinois to talk with legislators and others about tax policy and his book. It's entitled, "How Money Walks - How Two Trillion Dollars Moved Between the States and Why It Matters."