Sentences with phrase «cent tax rate increase»

HORICON Horicon supervisor Matt Simpson said the 2018 budget with its 2.4 cent tax rate increase is very conservative, with the increase due to rising healthcare, expanded roadwork and two more weeks of milfoil harvesting.

Officials in North Palos School District 117 are devising a financial strategy that they hope will lessen the impact of the recently approved 90 - cent tax rate increase.

In New Lenox, the Public Library District is seeking voter approval of a 13 - cent increase in its tax rate to restore hours of service at the library that were cut after a proposed 15 - cent tax rate increase was rejected in November.

Tinley Park residents decided in November 1998 that the price for the Park District's first recreation center was too high, so voters rejected a referendum proposal seeking a 12.5 cent tax rate increase to fund the project.

Voters will be asked to approve a five - cent tax rate increase.

CAROL STREAM — The Carol Stream Park District is beginning to seek support for an April ballot question that will ask voters if they approve of a 7.5 - cent tax rate increase to pay for maintenance of parks and equipment.

Park District commissioners in Tinley Park voted 3 - 2 Wednesday night to ask voters to approve a proposed 12.5 - cent tax rate increase to build a recreation center and make other park renovations.

On March 20, the Fox Valley Park District is asking voters in Aurora, North Aurora and Montgomery to approve a 7 - cent tax rate increase that will generate revenue for maintenance and operations.

We are asking residents to approve a 7 - cent tax rate increase that will generate revenue for maintenance and operation of existing trails, parks, playgrounds, shelters and facilities.

Not exact matches

RBC's wealth management division reported a 39 per cent increase in net income to $ 597 million from $ 167 million in the same quarter one year ago, in part reflecting a lower effective tax rate.

Under this scenario, increasing the rate by one percentage point would increase revenues by one per cent of the original tax base.

NDP commitments include a two point cut in the small business tax rate (already implemented by the Conservatives); extension of the accelerated capital cost allowance for two years (already implemented by the Conservatives (but with a different phase in); an innovation tax credit for machinery used in research and development; an additional one cent of gas tax for the provinces for infrastructure; a transit infrastructure fund; increased funding for social housing; a major child care initiative; and, increasing ODA funding to 0.7 per cent of Gross National Income (GNI).

NDP promises include a two point cut in the small business tax rate (already implemented in the budget by the Conservatives); extension of the accelerated capital cost allowance for two years (also already implemented by the Conservatives); an innovation tax credit for machinery used in research and development; an additional one cent of gas tax for the provinces for infrastructure; a transit infrastructure fund; increased funding for social housing; a major child care initiative; increasing ODA funding to 0.7 per cent of Gross National Income (GNI); and restoring the 6 % annual escalator to the Canada Health Transfer.

The committee was glad to see no increase to business tax rates, however, the budget proposes that the small business rate will remain at 10.5 per cent (the rate was set to decrease to 9 per cent in 2019).

While we were pleased to learn of the government's September 2017 announcement to cut the small business income tax rate from 2.5 per cent to 2 per cent, we note it was accompanied by an increase to the general corporate income tax rate of one percentage point (to 12 per cent).

Georgia experienced a modest 0.5 cent gas tax increase on Jan. 1 of 2018; the rates will be revisited at the end of the year.

(President Clinton's 1993 budget plan, which passed with no Republican votes, took a similar approach by cutting spending and increasing the top marginal income tax rate by three per cent, to 39 per cent.

Excluding the volatile fresh food component, consumer prices have been flat over the past year, compared with deflation rates of almost 1 per cent in recent years, although part of this improvement is attributable to increases in administered medical prices and tobacco taxes earlier in 2003.

The measure would effectively increase Blackstone's tax rate from fifteen per cent to thirty - five per cent, seriously eroding its profitability, and, according to the Joint Committee on Taxation, would generate an extra twenty - six billion dollars over the next ten years.

Eliminating PST exemptions on environmentally friendly products: The B.C. Liberals» HST doublecross resulted in a 7 - per - cent tax increase on numerous environmentally friendly products, including bicycles and Energy Star rated appliances and windows.

- Elmhurst Park District: Seeking to increase the tax rate to 70.6 cents per $ 100 of assessed valuation from 50.6 cents.

ADDISON — The Addison Park District Board has voted to ask residents for a 12 - cent increase in the district «s corporate tax rate on the Nov. 5 ballot.

In Dolton, where the Park District hasn't had an increase in its tax rate since 1927, a 15 - cent increase will be sought for the third time in the last couple of years to help offset the cost of operating the new recreation center.

Blue Island Park District, meanwhile, hopes to get its voters to increase its tax rate by 10 cents, so the district can renovate some of its park land and buy new equipment.

In Blue Island, voters defeated a proposed 10 - cent increase in the Park District's property tax rate.

Meanwhile, voters in south suburban Midlothian's Park District rejected a 25 - cent increase in the district's tax rate for each $ 100 of equalized assessed property valuation.

The net rate increase of 15 cents would be the first operational tax increase by the district since it was founded in 1955.

And in Dolton, where the Park District hasn't had an increase in its tax rate since its inception in 1927, a 15 - cent increase is being sought for the third time in the last couple of years to help offset the cost of operating a new recreation center.

One success story came in Waukegan, where the Park District passed a proposal allowing it to upgrade existing facilities and expand recreational programs by increasing its tax rate by 25 cents per $ 100 of equalized assessed valuation.

In Kane County, Dundee Township Park District voters rejected a 25 - cent increase in the corporate fund tax rate, to 35 cents per $ 100 of assessed valuation.

Voters in the Prospect Heights Park District supported a 25 - cent increase in the corporate fund tax rate, to 35 cents per $ 100.

Mt. Prospect Park District voters narrowly rejected a 25 - cent increase in the corporate tax rate, to 35 cents per $ 100 of equalized assessed valuation.

In the Elk Grove Park District, voters supported a 15 - cent increase in the corporate fund tax rate, to 25 cents per $ 100.

Woodridge 68 - Seeking to increase the education fund tax rate to $ 2.43 from $ 2.08 and to increase the operations and maintenance fund tax rate to 55 cents from 25 cents.

The proposal to increase the Park District's corporate tax rate by 25 cents would allow construction of a second, closer recreation center and aquatic park next to Randall Oaks Park, in West Dundee, Mammoser said.

The Winfield Park District is seeking permission to issue $ 950,000 in bonds to buy park land, and the Elmhurst Park District is seeking to increase by 20 cents its tax rate of 50.6 cents.

Addison - Seeking to increase the library fund tax rate to 35 cents from 15 cents per $ 100 assessed valuation.

An article in some Oct. 31 editions incorrectly stated that the Addison Park District is seeking a 12 - cent increase in its tax rate on the Nov. 5 referendum ballot.

The financial fate of the Addison Park District is in the hands of the voters, and park district officials are hoping they will be generous when it comes to approving a 12 - cent increase in the tax rate.

The proposed increase in the park district tax rate of 25 cents per $ 100 of equalized assessed valuation would add about $ 52 to the annual tax bill of a home with a market value of $ 210,000, district officials said.

In March 2008, then - Chancellor Alistair Darling introduced a four year tax escalator under which the duty rate on all alcoholic drinks was set to increase by two per cent above the rate of inflation.

«Shifting from VAT to pollution taxes, cutting the standard rate of VAT to 15 per cent, and reducing it to five per cent for some items, and abolishing road tax whilst increasing pollution taxes on fuel.

The 2011 - 12 budget adopted by the Sagaponack Village Board of Trustees on Monday calls for both a total spending increase, from $ 556,858 to $ 563,180, and a tax - rate decrease, from 8.17 cents per $ 1,000 of assessed income to 6.7 cents.

Mr Osborne announced an increase in the threshold before workers start paying income tax to # 8,105, financial support for first - time home buyers, a two per cent cut to corporation tax this year, a tax on private jets, a clampdown on non-doms, the introduction of # 140 flat - rate state pension, a review into a merger of national insurance and income tax and a fair fuel stabiliser, including a 1p cut on fuel duty.

Paying off the interest and principal from the borrowing would come from a 10 - cent increase in the state's gas tax, half of a percent increase in the income tax rate for those who earn between $ 500,000 and $ 2 million and a $ 60 million contribution from New York City in the first year, with an extra $ 60 million added every year to the fifth year, capped at $ 300 million.

«To encourage fuel efficient fleets, we will extend the 100 per cent first year capital allowance for low emission business cars, reduce the CO2 threshold for the main capital allowance rates; and increase the percentage list price of company cars subject to tax.

That devaluation alone is enough to force a nine cent increase in the county's property tax rate.

In December the administration announced that school property tax rates would increase by 9.4 cents per $ 100 FMV, or 7 percent.

Assuming that Mr. McGuinty agreed to this trade, the province's highest marginal rate on personal income would rise, federal and provincial rates combined, from 46.4 per cent to 49.4 per cent — meaning that this rate would theoretically net $ 247,000 in revenue, a tax increase for the top 1 per cent of at least $ 15,000.

For high - income earners living in Alberta, whose tax rates have increased dramatically since last year, the impact on their take home pay this month will be much more severe as Alberta's top federal / provincial combined marginal rate went from 40.25 per cent in 2015 to 48 per cent in 2016.