What else do you do on a cold rainy Saturday morning but sew a nine-patch pillow? Colleen Kensler of CQuilts in Keensburg, Ill. instructed the 4-H’ers on how to construct a nine-patch pillow this past Saturday, January 19. The [Read more…]
Conservative Christian Talk Show host and Carmi native Sandy Rios will be making an appearance at the First Baptist Church in Carmi on Sunday, February 24 at 6 p.m. She will talk about “Engaging Politics and Culture [Read more…]
The mission of upstate “Keep It In the Ground” activists is clear: they are out to destroy an Illinois oil production industry that has been a major economic driver in the state for more than a century. The fallout of this mission – should it ever prove successful – is clear as well: more economic hardship for a state whose name is already synonymous with economic hardship. And in no area of the state would the “Keep It In the Ground” movement’s success prove more devastating than White County.
A recent RCF Economic & Financial Consulting report finds that White County’s oil production industry represents seven percent of overall employment in the county. Just as importantly, White County’s 1.5 million barrels of annual production yielded $8.2 million in ad valorem tax revenue on production from 2007 to 2013. More than half of that revenue went to fund public schools, while the remaining revenue went to fund essential services at the local level.
Considering White County is the Land of Lincoln’s top producing county and is known as the well service capital of the Illinois Basin, the impact of the local industry may not be all that surprising to most.
But what may surprise some people is the impact the industry has on the state in its entirety. The RCF report finds the Illinois oil production industry is responsible for more than 4,000 direct jobs in the state, while ad valorem tax revenue from Illinois oil production generated $57.4 million in revenue for the state’s 40-plus oil producing counties from 2007 to 2013. This revenue is absolutely critical, not only because Illinois public schools rely on local property tax revenue for more than 60 percent of their funding, but also because the state routinely fails to meet its already meager education funding obligations.
Illinois ranks dead last in public school funding that comes from the state. And due in large part to a pension crisis, that already inadequate public school funding has been pro-rated at 89 percent in recent years, placing even more burden at the local level, where too much has been asked in the first place.
The ad valorem tax revenue generated by Illinois oil production is just part of a the $330 million in overall annual tax revenue the industry is responsible for. The RCF report also finds that the industry can be credited for $770 million in direct personal and business income per year.
These are some figures Illinoisans should keep in mind the next time a “Keep It in the Ground” group suggests it’s in the best interest of the state to do away with the oil industry altogether. In reality, their agenda is not only a threat to the livelihoods of folks in White County, but the already fragile financial wellbeing of the state as a whole.
For more on the Illinois oil industry’s contributions to the state’s economy, check out RCF Economic & Financial Consulting’s economic impact report at the following link: https://bit.ly/2S4379W.
As stated in our print edition, publication of letters to the editor does not constitute endorsement by The Villagers’ Voice. We do welcome letters of opinion from all sides of any issue from the community.
All trustees were in attendance on Tuesday Jan. 8 when the Carmi Township meeting convened at 6 p.m. Anthony Huffer read the minutes which were approved. The monthly bills were examined for payment and after a [Read more…]
By Collin Sexton
“A very inspiring event from my younger years was the time I visited the Vietnam Memorial in Washington, D.C. with my grandmother. She walked me over to the wall. She found and gently touched the names of two people on [Read more…]