News

IRS has issued instructions on filing Form 1098-F
May 24, 2019, IGFOA updates
Mandated Fine Reporting Upcoming from the Internal Revenue Service As part of the Tax Cuts and Jobs Act, local governments will be required to report fines and penalties in excess of $600 to the Internal Revenue Service (IRS). While not yet required,…
IGFOA Weekly News for March 22, 2019
March 22, 2019, IGFOA updates
IGFOA Weekly News for March 22, 2019
Illinois Department of Revenue - MyLocalTax (MLT)
March 22, 2019, IGFOA updates
The MyLocalTax portal, which Brenda Towers discussed at the 2018 Annual Conference, is on schedule. In late May/early June, the Illinois Department of Revenue will rollout MyLocalTax (MLT). MLT is their new portal that local governments will be able …
COGFA Releases State Fiscal Year 2020 Revenue Estimates
March 8, 2019, Legislative briefs
On March 5, the Commission on Government Forecasting and Accountability (COGFA) released their FY 2020 Economic Forecast and Revenue Estimate and FY 2019 Revenue Update Report. Utilizing current law and economic trends, COGFA provided an update for S…
Legislative Tools and Information from IML
March 1, 2019, Legislative briefs
As a part of our mission to educate, advocate and empower our members, the Illinois Municipal League (IML) regularly develops tools to assist in addressing complex issues our members face. Those tools include legislative agendas, fact sheets, positio…

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