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
A new university study ranks Illinois last of all 50 states for fiscal health. Pension reform and spending caps are essential for recovery.
Christopher Stephens’ family ties landed him a position in local government – and an annual income far eclipsing that of local taxpayers.
The highest-earning government employee in at least five municipalities far outpaces what typical local taxpayers in those areas bring in.
Bloomington City Council approved an ordinance that creates a mandatory business registry with a $50 entrance fee, in addition to hiking 100 permit and licensing fees.
In an effort to close a $7.4 million shortfall, the city of Evanston’s proposed budget for the coming fiscal year includes police and fire cuts along with a string of tax hikes – highlighting the need to trim government waste and push for structural reform in Springfield.
While annual revenues have fallen amid camera removals and other changes, Chicago continues to cash in on red-light cameras.
Mayor Rahm Emanuel pushed an e-cigarette tax hike through City Council within a matter of hours.
At least five local governments in Illinois still contract with Redflex, the infamous red-light camera company at the center of one of Chicago’s most expensive corruption scandals.
Over half of survey respondents have considered leaving Illinois, citing dysfunctional government, disappointing job opportunities and – above all – high taxes.
Revisions to the state’s smoke detector law include stricter safety standards, which will require many Illinois homes to buy new devices.