Sugary drink tax would be a bitter pill to swallow
Sugary drink tax would be a bitter pill to swallow
Illinois holds more than $66 million worth of stocks and bonds in PepsiCo, Coca Cola and Dr. Pepper Snapple alone.
Illinois Senate’s spending “cap” doesn’t protect taxpayers, core services
Illinois Senate’s spending “cap” doesn’t protect taxpayers, core services
The Senate’s “grand bargain” contains a one-year spending “cap” that won’t improve fiscal responsibility. A real cap must come with structural spending reforms to return spending to a level that taxpayers can afford.
Rauner memo: Use TIF funds to save Chicago Public Schools
Rauner memo: Use TIF funds to save Chicago Public Schools
Gov. Bruce Rauner has suggested funding CPS with tax increment financing, or TIF, funds; this would temporarily bail out the district, but more needs to be done to address serious concerns about Chicago’s TIF program.
Interest on Illinois’ pension debt is $9.1B per year
Interest on Illinois’ pension debt is $9.1B per year
A golden rule of finance is this: Debt that can’t be paid won’t be paid.
Majority of Illinois voters support a ‘no-tax-hike budget’
Majority of Illinois voters support a ‘no-tax-hike budget’
More than half of Illinois voters want lawmakers to balance the budget by only cutting state spending.
Illinois pitches sales tax for Netflix, Spotify, other streaming services
Illinois pitches sales tax for Netflix, Spotify, other streaming services
A new proposal from state Sen. Toi Hutchinson, D-Chicago Heights, would tax internet streaming services in Illinois, much like the potentially illegal internet streaming tax implemented in Chicago.
Illinois senator pitches expanding sales tax to tattoos, manicures and pedicures, more
Illinois senator pitches expanding sales tax to tattoos, manicures and pedicures, more
In the wake of the “grand bargain” budget plan failure, an Illinois politician has proposed applying the 6.25 percent state sales tax to a broad range of services.
The truth about your property tax bill
The truth about your property tax bill
Taxpayers shouldn’t be on the hook for such costly promises as they struggle to find opportunities of their own.
Senate ‘grand bargain’ breakdown
Senate ‘grand bargain’ breakdown
The Senate adjourned yesterday without taking any votes on the "grand bargain."
10 reasons Illinois’ ‘grand bargain’ fails taxpayers
10 reasons Illinois’ ‘grand bargain’ fails taxpayers
The Illinois Senate’s proposed budget deal is full of tax hikes because it lacks the necessary spending reforms needed to right Illinois’ fiscal ship.
Illinois spends the most per student of any state in the Midwest
Illinois spends the most per student of any state in the Midwest
On average, Illinois schools spend $13,077 per student.
Chicago officials announce $325K in TIF spending … on batting cages
Chicago officials announce $325K in TIF spending … on batting cages
The city’s latest taxpayer-funded development project reinforces the need to eliminate tax increment financing in favor of honest and transparent city budgeting.
5 questions, 5 guiding principles for an Illinois ‘grand bargain’ budget framework
5 questions, 5 guiding principles for an Illinois ‘grand bargain’ budget framework
Illinois lawmakers need a new approach to budget-making – one that takes into account the state’s financial mess, shows respect for taxpayers, and prioritizes spending to meet the needs of the poorest and most disadvantaged residents.
Tax increment financing: A primer
Tax increment financing: A primer
Local governments create TIF districts to encourage development in “blighted” areas; but TIFs often don’t deliver on promised economic benefits, while they do divert tax dollars from other uses and create opaque slush funds for the mayor to reward insider developers.