Why are Illinois Democrats preparing to bail out bankers and cash-strapped local governments?
Why are Illinois Democrats preparing to bail out bankers and cash-strapped local governments?
Bailout bills moving in the Illinois General Assembly would attempt to turn Illinois’ massive debt problems into guaranteed profits for banks and bondholders and a lower standard of living for other Illinoisans.
By Michael Lucci
Luxembourg’s ambassador sends letter to Illinois House leaders
Luxembourg’s ambassador sends letter to Illinois House leaders
Luxembourg’s ambassador to the United States has voiced objections to an Illinois House bill that would label Luxembourg a tax haven and subject corporations expatriated there to restrictions on investments and business dealings with the state of Illinois.
By Brendan Bakala
Moody’s warning of an “inflection point” in Illinois signals need for spending reforms
Moody’s warning of an “inflection point” in Illinois signals need for spending reforms
Illinois lawmakers should heed Moody’s Investors Service’s warnings about the state’s precarious economic health and dire fiscal situation and enact major structural spending reforms to balance the budget.
By Ted Dabrowski, John Klingner
Don’t be fooled by ‘penny for schools’ tax
Don’t be fooled by ‘penny for schools’ tax
A multibillion-dollar business based in Missouri — Stifel, Nicolaus & Co. — is making a pretty penny helping to hike local sales taxes across Illinois.
By Austin Berg
House resolution would oppose Illinois Senate’s internet streaming tax
House resolution would oppose Illinois Senate’s internet streaming tax
Legislation with bipartisan support in the House would oppose the internet streaming tax proposal – which might not even be legal – in the Senate’s “grand bargain.”
Already among the nation’s highest, DuPage property tax rates to increase this year
Already among the nation’s highest, DuPage property tax rates to increase this year
With hundreds of taxing bodies in their county and inaction from Springfield, DuPage homeowners will soon see yet another property tax increase.
Chicago Tribune investigation shows $2 million being spent on bonuses for the state lottery’s outgoing management firm
Chicago Tribune investigation shows $2 million being spent on bonuses for the state lottery’s outgoing management firm
Despite being axed for bad performance, and in some cases not even doing its job, Northstar Lottery Group is collecting millions in fees and bonuses.
By Brendan Bakala
Unbalanced Budget Response Act would allow Rauner to make cuts to balance the budget
Unbalanced Budget Response Act would allow Rauner to make cuts to balance the budget
Illinois House Bill 3868 would give Gov. Bruce Rauner the authority to trim costs and reorder the state’s spending priorities to balance the budget.
By Amy Korte
‘Grand bargain’ would cut private sector pay and continue government worker perks
‘Grand bargain’ would cut private sector pay and continue government worker perks
Illinois state government works to prioritize special interests over taxpayers – and the budget deal being negotiated in the Senate would continue that.
By Michael Lucci
‘Evidence-based’ education funding doesn’t work, would cost Illinois taxpayers billions
‘Evidence-based’ education funding doesn’t work, would cost Illinois taxpayers billions
An education-funding plan in the General Assembly is already proven to make unattainable goals at a high cost to taxpayers.
By Ted Dabrowski, John Klingner
Poll results show only 1/3 of Illinoisans say they’ve been affected by the budget impasse
Poll results show only 1/3 of Illinoisans say they’ve been affected by the budget impasse
Forty percent of respondents to a newly released statewide poll blame the government for poverty. Poll results also show that Illinoisans feel insecure about jobs and education, in addition to frustration with government dysfunction.
By Hilary Gowins
Illinois lawmaker files legislation allowing delay of legislator pay after court ruling says politicians must be paid
Illinois lawmaker files legislation allowing delay of legislator pay after court ruling says politicians must be paid
State Sen. Dan McConchie, R-Hawthorne Woods, filed legislation March 23 that would give the Illinois Comptroller’s office discretion to delay payments to lawmakers if insufficient funding exists to do so. This came just hours after a Cook County judge said lawmakers must be paid.
Rauner calls for closed-circuit cameras to replace watchtower guards in effort to cut overtime costs
Rauner calls for closed-circuit cameras to replace watchtower guards in effort to cut overtime costs
A spokeswoman for the governor said the measure would cut overtime costs and help reduce the state’s corrections budget.
By Brendan Bakala
Illinois has some of the highest paid mayors in the world
Illinois has some of the highest paid mayors in the world
State and local tax hikes in Illinois have hurt economic growth, lowered the standard of living, and contributed to out-migration.