Illinois Gov. J.B. Pritzker and lawmakers passed modest tax relief that expires after the 2022 election. But 24 tax and fee hikes during Pritzker’s term will leave the average family $2,165 poorer thanks to higher taxes.
The 2023 budget forces grocers to display Gov. J.B Pritzker’s temporary suspension of the 1% grocery tax. Illinois is one of the few states to tax groceries.
The effective state and local tax burden in Illinois has risen from 11.2% in 2019 to 12.9% in 2022. It is now the nation’s seventh highest.
A new measure would require gas stations to post a sign reminding customers the automatic gas tax hike is delayed. Retailers without the sign would be fined $500 per day, but they are pushing back against what amounts to a political ad.
Chicago Mayor Lori Lightfoot will raffle gas and mass transit cards instead of cutting her new 3-cent gas tax. The shift follows aldermen questioning how much a gas tax cut would cost the city.
Chicago Mayor Lori Lightfoot said she wants to roll back the 3-cent gas tax she got city leaders to impose. She wants to offer relief for city residents as some pay over $5 a gallon.
The Illinois House voted to use $2.7 billion in federal relief to partially refill the state’s depleted unemployment trust fund. Some lawmakers said it’s not enough.
Illinois’ cannabis dispensaries are noticing a steady drop in sales after record-setting sales in December. High prices and a lack of supply likely push customers to street dealers.
A new study shows Illinois is the least tax-friendly state in the nation. A family making the median national income in the median valued home pays 16.8% of their income to taxes, more than any other state.
Illinoisans now pay the highest combined state and local tax rates in the nation. Those taxes take more than 15% of their household income each year.
Mayor Lori Lightfoot is considering a repeal of Chicago’s 8-cent-per-gallon gas tax to alleviate record-breaking prices. State gas taxes doubled in 2019 and state leaders are also considering a repeal.
March 12 marks two years of life under Gov. J.B. Pritzker’s emergency powers. It is time lawmakers had a say in how long those powers last.
Gov. J.B. Pritzker recently boasted Illinois was No. 1 for growth in high school applications for college aid. He failed to mention state law now makes students complete the application if they want to graduate.
City property taxes rose 30% faster than in suburban Cook County from 2000 to 2019. Record inflation in 2022 will bring increases statewide in 2023.