More taxes on businesses and reductions in unemployment benefits were looming as a recession approached, but no longer. Lawmakers agreed to replenish Illinois’ unemployment insurance trust fund and avoid those pitfalls.
A bill in Springfield proposes delaying the Jan. 1 state gas tax hike. If it fails, drivers will see two gas tax hikes in 2023, expected to take the tax to over 45 cents a gallon.
Arlington Heights trustees unanimously approved a pre-development agreement with the Chicago Bears, but the review process could take years before they break ground on the new football stadium.
Truth in Accounting experts contested Gov. J.B. Pritzker’s claims Illinois is on the best fiscal footing in years, citing chronic underfunding of the state’s nation-leading pension debt. The watchdogs ranked Illinois’ finances third worst among U.S. states.
Illinoisans will have paid an extra $3.94 billion in property taxes during Gov. J.B. Pritzker’s term. Four years ago he campaigned on a promise of property tax relief.
Total property tax extensions are on pace to total more than $40 billion by 2026, $4 billion more than at present. Amendment 1’s expansion of government union power would likely accelerate that increase.
Statewide residential property tax extensions are on pace to total more than $24 billion by 2026, which is $2 billion more than the current total. Amendment 1’s expansion of government union power would likely accelerate that $2 billion increase.
Linda Ekendahl hoped buying property for her business would be the best move – until her $30,000 property tax bill came. Another tax hike under Amendment 1 would further damage her business.
Halloween shoppers can expect to spend 13% more on treats this October than last season, marking the largest-ever single-year jump in candy prices. Illinois’ tax system this year lets treaters save some dough by picking candy with flour.
U.S. House Ways and Means Committee members wrote Gov. J.B. Pritzker asking for repayment of a $1.3 billion federal unemployment insurance fund loan before Nov. 10. Failing to do so means automatically raising taxes on businesses.
A review of Gov. J.B. Pritzker’s term in Illinois’ highest office examines his track record beyond the campaign rhetoric. The second and final gubernatorial debate with opponent Darren Bailey is Oct. 18.
Gov. J.B. Pritzker’s election-year budget includes one-time property tax rebate checks so far averaging $200 per homeowner. Only a fraction of the rebate checks have been mailed.
OPEC decided to slow down oil production. Every state can expect higher gas prices, but Illinois taxes make the pain worse.
Gov. J.B. Pritzker took the debate stage claiming property taxes in Illinois have gone down thanks to his administration. In truth, the average Illinois family is paying over $2,000 more in property taxes than before he took office.