In a single year, Illinoisans witnessed their state’s net worth drop by a staggering 35%, or $47.4 billion, despite shouldering the largest permanent income tax hike in state history.
Each year St. Clair County, Illinois, taxpayers must add money to keep MidAmerica St. Louis Airport open. While passenger traffic is increasing, so are expenses.
Despite shrinking populations of students and teachers, Illinois school districts have continued to grow their administrative bodies.
Chicago’s mayor wants permission from Springfield to impose a new tax on high-end professional services and raise taxes on pricier home sales, as the city faces down a $1 billion deficit.
Station owners said Illinois businesses were damaged July 1 when the gasoline tax doubled. Tax increases are keeping Illinois pumps quiet and cooling cigarette sales.
More than 9,000 Illinois school district administrators earn more than $100,000 a year. Each of them will collect at least $3 million in pension benefits during retirement.
Chicago is tied with two other cities for the highest sales tax rates for a major U.S. city, adding another superlative for taxation of residents and visitors.
The village will dedicate an estimated $1.5 million dollars to its police pension fund in 2019 – 9.17% more than it paid last year.
Gov. J.B. Pritzker’s “fair tax” plan falls far short of the revenue needed to pay for his spending promises – feeding fears of future tax hikes on middle-class families.
Without true pension reform, property taxes are only bound to continue swamping Cook County homeowners.
County leaders may exercise new taxing authority from Gov. J.B. Pritzker’s capital plan. Illinois already doubled its portion of the gas tax, pushing the total burden to No. 3 in nation.
Illinois’ film tax credit program is a slap in the face to the state’s small business community outside the spotlight, does little to grow good jobs and is rife with corruption.
The state collects no sales tax on trade-in value, but that changes next year. Car dealers call the $60 million to be collected ‘double taxation’ because trade-ins were taxed when purchased.
Data from the American Petroleum Institute confirms doubling Illinois’ motor fuel tax will bring total taxes paid at the pump to third highest in the nation, up from 10th highest a year earlier.