Statistics show Illinois is a high-tax state. Ironically, advocates of tax hikes across the state often argue that Illinois is a low-tax state. The people have a right to know the truth about Illinois tax environment.
Gov. Quinn State of the State Address 2013
Recent calculations have put the total level of states unfunded pension debt at more than $2.5 trillion.
If you owed more than $30,000 on your credit cards and were strapped for cash, would you spend $1,500 on a new home entertainment system?
Mike Billy Illinois News Network Illinois taxpayers can use the states income tax form to donate to child abuse prevention, childhood cancer research and military family relief. But if you want to make sure your money actually gets to the charities, you might want to give them a check directly instead of using the state...
Facts you won't hear during Gov. Quinn's State of the State 2013 address
Have you ever wondered what investments politicians have made using teachers retirement savings? If you havent, you should be interested.
In January, Standard and Poors upgraded Californias credit rating to A from A-, an action the rating agency said resulted from the states improved fiscal condition.
State Rep. Naomi Jakobsson, D-Urbana, recently proposed to implement another income tax hike in Illinois is gaining interest across the state. A progressive income tax increases taxes on individuals more as they make more money.
Illinois’ credit rating received a warning today from Fitch Ratings. What Fitch cited as the “ongoing inability of the state to address its large and growing unfunded pension liability” means a rating downgrade is likely unless reforms are passed within six months. That warning is just another whack for a state that already has been downgraded...
During a lame duck session two years ago, the Illinois General Assembly passed a 67 percent income tax increase on all Illinois families. When the bill was filed in early 2011, almost no one knew of its existence. I was the House staffer on revenue at the time, and I only heard about it at 6...
During a lame duck session two years ago, the Illinois General Assembly passed a 67 percent income tax increase on all Illinois families. When the bill was filed in early 2011, almost no one knew of its existence.
PRESS RELEASE from the ILLINOIS POLICY INSTITUTE MEDIA CONTACT: Diana Rickert Diana@IllinoisPolicy.org or (312) 607-4977 Illinois Policy Institute statement on pensions: Real reform means adopting 401(k)-style plan SPRINGFIELD, Ill. (Jan. 6, 2013) The Illinois Policy Institute released the following statement from CEO John Tillman regarding pension reform talks: “Illinois can be an economic...
Just call it an opening skirmish in what portends to be a protracted conflict.