As pressure mounts on state senators and representatives to vote in favor of multibillion-dollar tax hikes, lawmakers should remember the promises they’ve made to taxpayers.
Local officials’ failure to address skyrocketing property taxes has pushed residents out of McHenry County at astonishing rates.
The new statewide sugary drink tax, on top of Cook County’s similar tax and Chicago’s highest-in-the-nation sales tax, would make soda prices in the city skyrocket.
The Illinois Senate’s proposed budget plan would raise the personal income tax rate to at least 4.95 percent with no real reforms to address the state’s skyrocketing debt and unsustainable spending. This proposal comes despite Illinois’ loss of $14 billion in annual income and hundreds of thousands of people in the wake of the 2011 income tax hike.
The Illinois Senate’s budget “compromise” hits Illinoisans with more than $5 billion in tax hikes, continued budget deficits and no real reforms.
Running out of ideas, the Illinois Senate takes aim at poor people to fund record-high state spending.
Despite declining tax revenues and warning signs of a possible recession, Illinois lawmakers in Springfield are mulling tax hikes.
Voters in Naperville and Lisle townships will have the chance to vote on government consolidation after the success of a similar referendum in the November elections.
The new budget plan coming out of the Illinois Senate does little to nothing to reform the state’s reckless spending and financial mismanagement, but does plenty to hurt state taxpayers.
Pension costs alone now consume a quarter of the Illinois state budget.
2017 brings a slew of new sales tax hikes for 20 municipalities in Illinois.
To address the city’s worsening financial crises, Chicago politicians turned up the dial on their usual answer to budgetary woes: raising taxes.
Though spending on government-worker salaries and pensions has grown at a rapid rate, many service providers and grant recipients are still awaiting payment.
Income and sales taxes account for nearly two-thirds of state revenue.