Our Mission

The mission of the Jewish Federation of Peoria is to serve the Jewish people locally, in Israel, and throughout the world through coordinated fundraising, community-wide programming, social services, and social- cultural-educational activities.

Luach for Peoria, United States

  • January 25, 2015
  • 5 Shevat 5775
  • ה' שבט תשע"ה
  • Zmanim
    • Alos HaShachar: 6:47 am
    • Netz: 8:12 am
    • Earliest Tallis: 7:15 am
    • Latest Sh'ma: 10:41 am
    • Chatzos: 1:10 pm
    • Mincha Gedola: 1:35 pm
    • Mincha Ktana: 4:04 pm
    • Plag Hamincha: 5:06 pm
    • Shkiah: 6:09 pm
    • Tzet haKochavim: 6:54 pm
  • Shabbos
    • It will come in 6 days.
    • Candle light : January 30, 2015 5:57 pm
    • Shabbos ends: January 31, 2015 7:00 pm
  • Weekly Torah reading
    • Chapter: Beshalach
    • Haftara: Judges 4:4 - 5:31
  • Holidays
    • Upcoming date: Tu B'Shevat
    • will come on Wednesday
      February 4, 2015
      15 Shevat 5775

Israeli Business

Bank of Israel: Raise taxes, cut budget Central bank report contradicts Netanyahu and Steinitz’s statements, recommends series of steps to bring down budget deficit to reasonable levels

By Gad Lior, Israel Business

The government must raise taxes and make major cuts in the state budget in order to bring down the budget deficit to reasonable levels, the Bank of Israel says.
The central bank’s recommendations to the government, which contradict statements made by Prime Minister Benjamin Netanyahu and Finance Minister Yuval Steinitz that they have no intention of raising taxes, are included in a report written more than two weeks ago, which has yet to be published as no discussions are being held on the state budget at the moment.
Every year, during the budget discussions, the Bank of Israel releases an analysis of the state budget, the expected deficit and the budget targets. The report was scheduled to be published on January 7, but the central bank decided to postpone its release by several weeks until the start of the budget discussions.
Yedioth Ahronoth has learned that the report includes an analysis of the huge deficit in the state budget and an unequivocal declaration that the government will have to raise taxes and apply major cuts to the state budget.
The report also voices concerns over possible significant deficits in future state budgets after 2013 – unless immediate steps are taken.
The report determines that the cost of implementing the government’s decisions in the fields of education, health, welfare, infrastructure and defense was significantly higher than the legal debt ceiling for 2013 and the following years. Closing this gap requires a reexamination of the list of priorities and an allotment of the budget accordingly.

The efforts to establish a new government are expected to begin immediately after the final election results are published. At the same time, the Finance Ministry will begin discussions to present the new government with the required economic steps
The Bank of Israel is expected to publish the report sometime after the elections, and the prime minister will be presented with the recommendations of the government’s economic advisor – Bank of Israel Governor Stanley Fischer.