Cellphone taxes increased nationwide – and Illinois moved up to be the top taxer. Add another $157 in tax on Chicagoans’ wireless bills.
Illinois' current patchwork of sales tax exemptions, oftentimes carved out by special interests, makes for poor policy.
Departing Chicago Mayor Rahm Emanuel accelerated calls to boost Illinois’ gas tax to pay for local transportation projects.
Outgoing Mayor Rahm Emanuel is publicly pushing for a constitutional amendment to the state’s pension clause. Pension reform is the only way to combat rising property taxes and prevent further budget chaos in Illinois state and local governments.
Seal-Rite’s doors are hardly the first to close in Illinois and reopen in the Badger State.
Fitch Ratings has issued a warning about a pension plan pushed by one Illinois think tank, which includes no reform and would harm the state’s credit rating. The response from the Center for Tax and Budget Accountability proves how indefensible the plan really is.
Pension payouts collected by the Belleville area’s top-earning school retirees underscore the need to reform Illinois’ unaffordable pension system.
Alliance Steel Corp. will move 100 jobs to Gary, Indiana, with plans to add 30 more.
Pension costs now consume nearly 70 percent of the city’s annual property tax levy. It may not be enough.