Illinois’ debt per student is the 11th highest of any state in the nation. It is almost 15 percent higher than the national average of $8,764.View Report
In his annual budget address, Chicago Mayor Rahm Emanuel painted a rosy picture about city finances while selling more tax and fee increases.
The choice is clear: Fix Illinois, or watch its downfall accelerate.
One change in federal tax code – and Illinois lawmakers’ response to it – could decide the economic trajectory of the state.
Growth in administrative bloat is sucking up money that would otherwise go toward the classroom and tuition grants for low-income students in Illinois’ higher education system.
Cities and villages across the state are raising taxes or implementing new ones for a variety of functions, from attracting a fast-food restaurant to catching up on rising pension costs.
The average salary for Cook County workers has far outpaced that of the typical Cook County household since 2001, and that’s contributed to the county’s fiscal ills.
The 2018 budget is staring at a $1.7 billion hole despite containing the largest permanent tax hike in state history. Every budget through 2023 will likely be unbalanced as well.
Consolidating governments in the collar counties could help lower residents’ high property taxes.
Under Illinois’ new education funding formula, the wildly mismanaged Chicago school district won’t lose a dime in state funding, no matter how many students it loses.
If aggrieved taxpayers don’t also demand fixes to underlying spending problems, calls for additional tax hikes will return. And they’ll be stronger than ever.