Absurdly high property taxes demand bold reforms from Illinois lawmakers. New recommendations from a state task force show exactly what kind.
The December Chicago purchasing managers’ index revealed weaknesses in the regional economy, including in the service sector.
The sales-tax hike Cook County officials approved in July takes effect Jan. 1, 2016, just in time for end-of-season holiday shopping deals.
Cook County’s new 1 percent hotel tax will raise Chicago’s combined hotel tax to 17.4 percent in 2016.
The 2011 income-tax hike was supposed to address the state’s unpaid bills and ailing government-worker pensions; but five years and $31 billion in additional revenues later, Illinois’ unpaid bills are back up to 2011 levels, and the state’s government-worker pension debt has soared to $111 billion.
The Liberty Justice Center sued the city of Chicago in September to compel the city to stop collecting a 9 percent amusement tax on Internet-based streaming video, audio and gaming services.
Illinoisans pay more in wireless taxes than residents of any neighboring state.
The fictional family from “Home Alone” has paid nearly $750,000 in property taxes since the film’s release, and real Illinois families are struggling under a massive local tax burden.
Illinois has gone without a comprehensive budget for six months.
Illinoisans’ property taxes are going up while salaries are stagnant at best.
Thirty-nine Illinois state representatives have signed on to a resolution stating their opposition to the imposition of a state tax on retirement income as revenue plans circulate ahead of state budget negotiations in 2016.
Property taxes are the single largest tax in Illinois, burdening residents far more than either income or sales taxes. Illinoisans already know they pay high property taxes. But what is not as well known is that property taxes are outpacing residents’ ability to pay for them. Over the past 50 years, whether measured in comparison...
Illinois House Speaker Mike Madigan says Illinois’ income taxes should be increased to at least 5 percent.
Funds provided through Senate Bill 2039, which Gov. Bruce Rauner signed into law Dec. 7, will allow the Illinois Lottery to resume paying winning ticket holders.