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Illinois Economy

Mayors Asking Lawmakers To Keep Tax Credits

Mayors from five Illinois cities say renovation of historic structures could be at risk if a key tax break isn't preserved.  Rockford Register Star and the Peoria Journal Star says mayors of Aurora, East St. Louis, Elgin, Peoria and Rockford want to see the 25 percent River Edge Historic Tax Credit renewed for another five years.  

The credit involves projects totaling tens of millions of dollars.  The Mayors say jobs and income taxes are created because of the program.

Bill is a former general manager, economy reporter, Harvest correspondent and Statehouse Bureau Chief for NPR Illinois. He has won several awards including the Associated Press Best Investigative Reporter.
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