Illinois lawmakers have officially adopted a budget for fiscal year 2019. The 1,245-page bill was made public less than five hours before state senators cast their votes and exceeds realistic revenue projections by as much as $1.5 billion. While closer to balanced than many Illinois budgets, the spending plan fails to enact meaningful reforms to...View Report
The state’s fiscal year 2019 budget is out of balance by as much as $1.5 billion.
Nearly 600 bills are on their way to the governor, some of which would be encouraging changes to the status quo.
House Bill 4237 seeks to get around Congress’ limitation of a federal deduction that benefits high-tax states, but residents would be better served by efforts to directly reduce state and local taxes in Illinois.
The mayor’s proposed 2 percent fee would punish short-term rental customers and providers.
An investigation into the office of a former township official concluded with no criminal charges. But the probe did find evidence that calls into question the merits of township governance.
With pension debt straining city finances, local politicians have insisted on turning to its declining population for more tax revenue.
Yes, the state has a budget. But how that budget came to be reveals the reasons our state continues to spend with abandon, tax too much and fail in fostering an economy where its people can prosper.
While it’s the closest the state has come to passing a balanced budget in years, Illinois’ new spending plan leaves a lot to be desired for taxpayers.
A bill that would raise the minimum salary for teachers to $40,000 now awaits Gov. Bruce Rauner’s signature.
Lawmakers claiming to have passed a balanced budget are relying on a number of common, but deceptive, budget maneuvers.