Making Illinois’ system fairer through pension reform, consolidation and accountability to parents and students.View Report
Illinois universities have hiked tuition and relied on state subsidies to pay for exorbitant administrative salaries – and now they’re feeling the effects of that destructive behavior.
Government worker retirement costs and interest on state retirement debt are squeezing out funding for social service providers and taxpayer relief.
Despite Illinois’ severe financial problems, less than 3 percent of bills passed by the 99th General Assembly and enacted into law have fiscal notes.
At a time when businesses are fleeing the state, a group of Chicago aldermen are attempting to revive the employer’s expense tax to bail out Chicago Public Schools.
In a bipartisan effort to cut McHenry County’s local tax burden, the McHenry County Board voted overwhelmingly in favor of a pledge to cut the county tax levy by 10 percent. The board chairman has intimated he will pursue further local government consolidation efforts.
High-income earners provide the majority of Illinois’ income tax revenue, and IRS data show that Illinois is losing these taxpayers to out-migration.
Illinois hasn’t had a budget in two years. And it’s been more than 15 years since the state had a balanced budget. But lawmakers – who are currently on a two-week spring break – continue to be paid.
While Chicago-area taxpayers struggle under a heavy tax burden, lawmakers – who continue to ignore reforms the state desperately needs – are now on a two-week vacation.
About two-thirds of state revenue comes from income and sales taxes.
Chicagoans have been burdened with a slew of new taxes and the full damage has yet to be felt. A state income tax hike, like the one proposed in the Illinois Senate’s so-called “grand bargain,” would only further harm struggling Chicagoans.