Mayor Johnson’s record-setting $1 billion TIF surplus highlights issues
Mayor Johnson’s record-setting $1 billion TIF surplus highlights issues
Chicago Tax Increment Finance “surpluses” have increased more than ninefold in the past decade.
Chicago Tax Increment Finance “surpluses” have increased more than ninefold in the past decade.
Illinois’ candy tax doesn’t apply to any treats made with flour. Kit Kat, Twix and Snickers are all taxed as groceries, not candy, and come with a cheaper price tag.
Chicago’s budget has grown much faster than inflation, leaving taxpayers to endure higher costs without receiving better services. Implementing a spending cap linked to inflation could have kept costs under control, helping prevent future deficits
Microsoft, Salesforce, ChatGPT, Amazon Web Services and Zoom would all come with higher prices under Chicago Mayor Brandon Johnson’s cloud tax.
Chicago Mayor Brandon Johnson describes the 2026 budget as “Protecting Chicago,” but his plan seems to do the opposite. Taxes on Artificial Intelligence, Uber rides and companies with 100+ employees are the biggest revenue sources.
Gov. J.B. Pritzker told the Chicago Economic Club Oct. 21 that he absolutely opposes Mayor Brandon Johnson’s plan to revive the corporate “head tax” as part of his new budget proposal.
Illinois risks millions in penalties under new federal law because of errors in determining who qualifies for food assistance. To protect taxpayers and struggling families, the state must increase its administrative precision.
Chicago Mayor Brandon Johnson proposed a $21-per-employee monthly tax on large companies to help fill a nearly $1.2 billion shortfall. Business leaders and even a former mayor say the “head tax” could kill job creation and new investment.
Lawmakers may approve a statewide delivery tax on Doordash and Uber Eats to fund Chicago transit, hitting all Illinoisans who shop online, even those who don’t use CTA, Metra or Pace.
The Chicago Transit Authority’s 2026 budget includes scenarios dependent on state funding along with a 25-cent fare hike on bus and rail.
Chicago Mayor Brandon Johnson’s 2026 budget proposal includes a per-user tax on social media companies and a per-employee fee on businesses. The proposal does not include a property tax hike and supports the elimination of the grocery tax.
Chicago homeowners on the South and West Sides are bracing for huge property tax hikes, driven by surging assessments and government spending tied to pensions.
Prices for DoorDash, Uber, Ticketmaster and Illinois tolls might go up now to cover $1.5 billion for Illinois transit agencies. A real estate transfer tax for homes in the Chicago suburbs is also on the table.
Illinois taxpayers in 2024 owed an average of $38,800 each, ranking No. 3 in the U.S. Illinois earned an “F” for fiscal management.