Despite finding favor among some politicians and political candidates in Illinois, states with a progressive income tax are more vulnerable during recessions than flat-tax states.
As a result of the U.S. Supreme Court’s decision in South Dakota v. Wayfair Inc., most online purchases in Illinois will now be subject to automatic collection of the state’s 6.25 percent use tax.
The governor issued a pair of executive orders aimed at improving ethics and efficiency in state government.
Illinois experienced net job losses in August, while the rest of the nation saw continued growth on average.
A class-action lawsuit claims Chicago’s red-light camera program fails to provide ticketed motorists with information required by state law.
The proposed City Council ordinance would hike Chicago’s sales tax on liquid nicotine and mandate that stores keep vaping products below the counter.
Making Illinois a more attractive state in which to plant roots is entirely within lawmakers’ control.
Accepting a deal that includes $6 million in subsidies, Wynright Corporation will expand its operations in Indiana and close plants in suburban Elk Grove and Oak Lawn.
A new report analyzes the effects of “tax increment financing” on communities across the nation – and calls into question the merits of the widely used development tool.
The Chicago firefighters pension fund has filed claims with the Illinois comptroller for $3.3 million in shorted pension contributions, an action that could worsen city finances and service delivery.
Without property and income tax relief, housing in Illinois will continue to be less attractive, Illinois’ population is likely to continue its decline and housing price appreciation can be expected to continue to lag the rest of the nation.
Lax oversight of Illinois’ little-known regional development authorities has led to questionable business arrangements with one official in particular.