While J.B. Pritzker has not released a detailed tax plan of his own, reasonable cost estimates suggest the tax hike required to pay for the candidate’s spending promises would require doubling Illinois’ state income tax rate and cost the state an estimated 132,000 jobs and $31.3 billion in forgone GDP.View Report
Chicago had nearly 15,000 municipal employees paid at least six figures in 2017, up more than 1,000 from the previous year. That’s more than 40 percent of the city’s workforce.
On his first full day in office, Gov. J.B. Pritzker announced he will grant costly automatic pay raises to Illinois’ state workers despite a current budget deficit of more than $1 billion.
Illinois already taxes 20 cents more per gallon of gasoline than Missouri. If state lawmakers add another 30 cents per gallon, expect an exodus of southwestern Illinois drivers buying gas and more in St. Louis.
The Land of Lincoln has a new governor, but the state’s deep-seated problems remain. Here are five reforms that newly inaugurated Gov. J.B. Pritzker could pursue to begin setting the state on the right fiscal path.
The outgoing Illinois Senate voted with the House in approving large pay increases for state department heads. The bill now heads to the governor’s desk, though likely not until J.B. Pritzker is sworn in.
In the final hours of the 100th General Assembly, some state lawmakers are pushing to send a bill to incoming Gov. J.B. Pritzker that would give pay raises to state department heads.
Springfield is facing mounting pressure to enact a massive state gas tax hike. One proposal would make the average motorist pay as much as $200 per year in additional taxes on gas.
The Gem City joins a growing list of Illinois municipalities raising property taxes to pay for pensions.
Frustration over high taxes and government waste in Illinois need more than an angry social media post or a moving van. Some residents of McHenry County, Illinois, acted, and are winning reforms.
In 2018, Springfield handed Illinoisans more of the same repackaged policy failures. Lawmakers in the coming year should tape to their desks this wish list of taxpayer-friendly reforms.