Despite tax hikes, Illinois fails to balance budget for 19th year in a row
Despite tax hikes, Illinois fails to balance budget for 19th year in a row
Band-Aid fixes and spending-heavy compromises were rampant. And now it’s all coming home to roost.
Band-Aid fixes and spending-heavy compromises were rampant. And now it’s all coming home to roost.
The state gas tax is projected to automatically increase 130% by 2025, without lawmaker approval. That’s almost 25 cents more on a gallon of gas.
Answers to frequently asked questions about new casinos and sports betting in Illinois.
Contrary to claims from both Republicans and Democrats, and despite raising nearly $1.1 billion in new taxes and fees for operations, the fiscal year 2020 budget is out of balance by between $574 million and $1.3 billion.
Springfield politicians talking out of both sides of their mouths on tax “fairness” is one of many reasons they didn’t deserve a raise.
A $1 cigarette tax hike included in Gov. J.B. Pritzker’s infrastructure plan will make Illinois’ tax on cigarette packs among the highest in the nation.
Gov. J.B. Pritzker signed into law a budget that includes pay raises for state lawmakers, as Illinoisans brace for a number of new tax hikes.
New change in law paves the way for sports betting at Wrigley Field, Soldier Field, and the United Center, among other venues.
The Illinois General Assembly sent $85 billion in proposed spending to Gov J.B. Pritzker’s desk in a matter of days. That package included tax hikes on ordinary Illinoisans and pay raises for all state lawmakers.
Illinoisans will pay more for gas, vehicle registration, cigarettes and parking after a bipartisan vote for $45 billion in new capital spending.
Illinois Gov. J.B. Pritzker’s amendment would allow Illinois to impose an effective corporate income tax rate of up to 15.28% – the nation’s highest by far.
A new governor and Democratic supermajorities have retained the same chaotic budgeting process that has brought the state’s credit rating to near-junk status.
Drivers filling up in Chicago could see an effective per-gallon gas tax burden of 39% under Gov. J.B. Pritzker’s proposed capital spending plan.
Chicago’s McCormick Place convention center has been a political money pit for nearly 60 years. And now state lawmakers are considering whether to keep subsidizing failure with more tax dollars.