Due to its poor financial health and lagging economy, Illinois carries unique economic and fiscal risks from a prolonged market downturn or recession. The state must act now to mitigate harm from COVID-19.View Report
Struggling businesses, individuals and families need relief while the economy is shut down. Despite Illinois’ financial woes, leaders can help the recovery by lifting government-imposed financial burdens.
Illinois’ grocery stores have told shoppers to leave their reusable bags at home to stop COVID-19’s spread. Chicago’s 7-cent bag tax will continue unless the law is changed.
The change puts Illinois in line with the new federal deadline announced in response to the spread of the coronavirus.
One Chicago alderman is calling for the city’s 53 elected officials to forfeit their six-figure salaries for 15 days.
With economic challenges driven by the coronavirus ahead, Illinois finds itself missing an important financial tool.
Lawmakers routinely spend faster than taxpayers’ incomes grow. A new bill would put Illinois with the majority of states that limit taxes or spending.
Visions of the community’s future no longer bring comfort. Instead, they inspire crippling fear.
Illinois law requires the governor to propose a budget balanced with existing revenues. To do so, Gov. J.B. Pritzker proposes cutting aid owed local governments, raiding the road fund, letting health insurance costs pile up and withholding taxpayers’ refunds.
Property taxes in Illinois are nearly double the national average. Until state lawmakers trim down thousands of local governments and pursue pension reform, those bills wills remain high.
There’s no doubt: the county taxed soda more, so people bought less of it. It’s a simple lesson. So why doesn’t Springfield get it?