Illinois State Police audit shows $2.3 million went missing
Illinois State Police audit shows $2.3 million went missing
Illinois State Police are facing audits showing $2.3 million is missing as lawmakers seek answers about old computers and late firearms IDs. Also, lawsuits and an indictment outline theft and sex harassment claims at the agency managing troopers.
By Dylan Sharkey
Pritzker’s $2 billion COVID-19 aid slush fund uncovered
Pritzker’s $2 billion COVID-19 aid slush fund uncovered
Six months after state lawmakers hastily approved Illinois’ 2022 budget, a hidden discretionary fund has been identified giving Gov. J.B. Pritzker total control over $2 billion in federal COVID-19 aid.
By Patrick Andriesen
Property taxes still rob ‘Home Alone’ house
Property taxes still rob ‘Home Alone’ house
Property taxes are the real thieves attacking the house used in the holiday movie ‘Home Alone.’ The house is available for a one-night stay this holiday, but not all taxes are included.
By Dylan Sharkey
Illinois ranked “least tax friendly” state for middle-class families
Illinois ranked “least tax friendly” state for middle-class families
Kiplinger report finds Illinois’ sales, income and property taxes on middle-income families rank among the highest in the nation, making prospective residents think twice about moving to the state.
By Patrick Andriesen
Illinois highways come with high costs, poor conditions, report finds
Illinois highways come with high costs, poor conditions, report finds
Taxpayers pay too much for the rough conditions they find on Illinois roads, according to a report by the Reason Foundation. Bad pavement and too much congestion come with upkeep costs that are among the highest in the U.S.
By Patrick Andriesen
Expect higher gas prices, more drivers this Thanksgiving in Illinois
Expect higher gas prices, more drivers this Thanksgiving in Illinois
AAA’s Thanksgiving travel forecast predicts national driving rates will rebound to near pre-pandemic levels this holiday. For Illinoisans visiting family in the coming weeks, that trip will be cheaper if they can fill up out of state.
By Patrick Andriesen
Chicago’s ‘Netflix tax’ revenues more than triple in five years
Chicago’s ‘Netflix tax’ revenues more than triple in five years
In 2017, Chicagoans paid $40 million in taxes on cloud computing and streaming services. It was $150 million this past fiscal year.
By Patrick Andriesen
Illinois’ online shoppers face full local sales tax rates this holiday season
Illinois’ online shoppers face full local sales tax rates this holiday season
Sales tax revenue is up from pre-pandemic levels, in part because Illinois is now forcing online retailers to charge local sales tax rates as high as 10.25%. No tax breaks this Cyber Monday.
By Dylan Sharkey
Steep property tax hikes to hit Chicago businesses struggling from pandemic
Steep property tax hikes to hit Chicago businesses struggling from pandemic
While phasing in the tax impact of sharp increases in assessed value could help Cook County’s commercial property owners adjust, holding down property taxes requires reducing spending through public pension reform in Illinois.
By Amy Korte
Chicago budget hands $500 monthly to some, higher property taxes to others
Chicago budget hands $500 monthly to some, higher property taxes to others
Chicago will spend $32 million on the nation’s largest test of universal basic income. What happens after that year is one question, as is whether handing out cash will truly fix anything.
By Brad Weisenstein
Illinois’ gambling revenue chase closes in on Chicago casinos
Illinois’ gambling revenue chase closes in on Chicago casinos
Chicago is getting closer to getting a casino, but more ways and places to gamble do not necessarily mean more state revenue. Illinois would be better off betting on pension reform.
By Dylan Sharkey
Illinois imposes tricky taxes on Halloween treats
Illinois imposes tricky taxes on Halloween treats
Taxes are different on different types of candy in Illinois, with some brands taxed six times more than others. Just because you can eat it, doesn’t mean Illinois’ tax policy sees it as food.
By Dylan Sharkey
2 ways to fix Illinois’ too-high property taxes, teacher shortage
2 ways to fix Illinois’ too-high property taxes, teacher shortage
Redirecting some of Illinois’ school district administrative overhead could attract top talent to the more than 4,100 teacher openings. The savings could be $1,317 per taxpayer in one veteran teacher’s hometown. Reform pensions, and that amount grows.
Vicki Granacki
Vicki Granacki
“I have good relationships with my tenants, so I do everything I can to help them. My husband and I hoped to pass the building on to our son, yet these taxes put business and property owners in a tough spot.”