SPRINGFIELD – State Senator Tom Cullerton (D-Villa Park) spoke about financial education and empowerment as part of an Econ Illinois panel forum on Tuesday.

 

“Financial literacy needs to be a priority from a young age. We are failing our students if we teach them calculus but not budgeting.” Cullerton said.

 

Econ Illinois, the Illinois Council on Economic Education, is a public-private partnership that focuses on expanding K-12 economics education.

 

The council is made up of leaders in business, labor, agriculture, education, and government. It is supported by some public funds and many business partners – most notably: Capitol One, BMO Harris Bank, Bank of America, HSBC-North America and Caterpillar.

 

The forum was held at the University Club of Chicago. Cullerton sat on the panel with business leaders and educators.

 

“Some of the first legal documents 18-year-olds sign are student loan applications. We need to make sure they know how interest rates and payment schedules work to avoid future financial problems,” Cullerton said.

 

SPRINGFIELD – State Senator Tom Cullerton (D-Villa Park) hosted four successful town hall meetings throughout DuPage County this week.

 “These open, engaging meetings are one of my favorite ways of hearing the concerns of people in our district. We had great turnout and I look forward to hosting more outreach events throughout the summer,” Cullerton said.

 Cullerton discussed property and income taxes, O’Hare Airport noise issues and concerns over public employee pensions at the meetings in Glendale Heights, Villa Park, Itasca and Hanover Park.

 

ItascaHanoverPark

 State Senator Tom Cullerton speaks to audiences at his town hall meetings at the Itasca Village Hall on

                          Wednesday and the Hanover Park Community Room on Thursday.

 

053014 js 0595SPRINGFIELD – The Illinois Senate approved a plan on Friday shortening the timeframe local governments must wait for tax dollars from the state.

 

State Senator Tom Cullerton (D-Villa Park) sponsored the legislation that would speed up transfers from the state to the Local Government Distributive Fund, which helps bankroll city and county operations.

 

“This eliminates uncertainty and promotes efficient government. If local governments know when this money is coming they can plan better and provide improved services,” Cullerton said.

 

Local units of government collectively receive 6% of individual income tax and 6.86% of corporate income tax collected by the state annually.

 

Cullerton’s plan, House Bill 961, requires the state comptroller to transfer the money into the fund making direct deposit payments to local units of government. The money must be transferred no more than 60 days after the state treasurer certifies the amount to be moved.

 

House Bill 961 passed the Senate by a 58-0 vote. It now returns to the House for a concurrence vote before going to the governor for approval.

 

 VILLA PARK – State Senator Tom Cullerton (D-Villa Park) will host four town hall meetings next week. The meetings give residents the chance to ask Cullerton questions and discuss issues important to the 23rd Senate District.

 

UPDATE: Township assessors will be available at each event to help constituents with property tax issues. Constituents who have question or would like help with specific issues should bring:

  • Their property tax bill
  • Any appraisal done in the past year-and-a-half
  • A closing statement if the property was bought within a year

 

The meetings will take place from Monday through Thursday in Glendale Heights, Villa Park, Itasca and Hanover Park.

 

All events are open to the public and the press.

Read more: UPDATE: Tom Cullerton town hall meetings

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CONTACT SENATOR CULLERTON

Welcome to the official website of Senator Tom Cullerton. Please fill out our contact form to contact Senator Cullerton directly or you may call either of our offices. We look forward to hearing from you.

District Office
338 S. Ardmore Ave.
Villa Park, IL 60181
P: (630) 903-6662
F: (630) 903-6643

Springfield Office
122 Capitol Building
Springfield, IL 62706
P: (217) 782-9463