Evidence from Connecticut suggests the progressive income tax could cost Illinois homeowners substantial equity in their homes.View Report
Chicago Mayor Lori Lightfoot is trying to raise revenue to close large revenue gaps partially brought on by the COVID-19 pandemic.
Nearly one-third of the cell phone bills in Illinois are taxes
Lightfoot’s budget depends on borrowing and property tax hikes.
The same law that doubled Illinois’ gas tax is now being used by DuPage County and Chicago to fill revenue shortfalls from COVID-19.
Asking Illinoisans to pay more in taxes to receive less in services has been the trend in state government for the past decade, driven by the ever-growing cost of Illinois’ worst-in-the-nation pension crisis.
Two-thirds of voters polled favored a “fair tax” in March. On Election Day that flipped to 55% opposing it. Voters understood how the amendment could usher in retirement and other taxes, but tax proponents found it easier to claim deceit.
Gov. J.B. Pritzker’s push for his “fair tax” is headed for rejection by Illinois voters. State lawmakers now must face the public pension debt driving the state’s fiscal crisis.
Two advisory ballot initiatives will ask Madison County voters about automatic raises for lawmakers and public worker double dipping.
Illinois politicians do not have a great track record when it comes to keeping promises to taxpayers.
Property taxes are on the ballot in Madison, Winnebago and Champaign counties.