A progressive tax would give Illinois politicians carte blanche to raise rates, which would end up sticking middle-class taxpayers with rates originally intended for “the rich” – all while chasing still more residents and businesses out of the state.
The Illinois House of Representatives voted against a proposal to freeze property taxes, denying much-needed relief to Illinoisans, who bear the third-highest property-tax burden in the nation.
The House speaker’s proposal to hike taxes on small businesses failed to garner the 71 necessary “yes” votes needed to pass out of the House on April 20.
The mayor’s plan to construct the Lucas Museum of Narrative Art includes more of the same bad policies that got Chicago into its fiscal crisis: a bid to borrow $1.2 billion and hike taxes on residents.
Total compensation for affected legislators and statewide officeholders equals about $1.3 million per month, according to the comptroller. On top of salaries, taxpayers also have to foot the bill for lawmaker pensions – in Illinois’ active legislators will each cost the state budget about $180,000 next year.
The top 18 percent of Illinois taxpayers cover more than 60 percent of the state’s income taxes, and the state’s millionaires pay 15 percent of Illinois’ income taxes.
SB 3267 would introduce electronic driver tracking, and create a behemoth bureaucracy to keep tabs on Illinois drivers and figure out how to process tax credits.
Illinois needs a combination of constitutional and statutory changes to put and keep the state on sound fiscal footing and allow it to pay its providers and better prepare for emergencies.
The Illinois attorney general – House Speaker Mike Madigan’s daughter – could play a major role in whether state lawmakers will pass a budget Illinoisans can afford.
Illinois' 859 local school districts consume nearly two-thirds of the $27 billion in local property taxes collected across the state each year.
The Illinois House has passed a bill to prohibit charging late fees to vehicle owners who renew their registration late due to the secretary of state’s suspension of mailed reminders.
Illinoisans must work from Jan. 1 until April 29 to pay the taxes they owe to federal, state and local governments.
Chicago Public Schools CEO Forrest Claypool has claimed that Chicago students are discriminated against under the state's education funding formula. But the numbers show the opposite: Chicago has received more than its fair share of education funding from the state.
A new 30-cent-per-gallon tax hike would make Illinois gas taxes the highest in the nation by far, and pour more money into a broken system.