The Land of Lincoln has some of the highest alcohol taxes in the Midwest. And Illinoisans preparing for Independence Day are feeling the pinch.
Decatur City’s city manager is on his way to take the same post in Bloomington, and with it a raise that will push his income above 49 of the nation’s 50 governors.
One year after a record-setting tax hike the state still can’t balance a budget, has done nothing to solve long-term fiscal problems and has further damaged its economic growth.
While the name of the home stadium for the Chicago White Sox has changed over the years, its status as a tax burden has not.
A landmark case on worker freedom could have positive effects on Illinois’ fiscal health, according to a leading ratings agency.
Scrapping Illinois’ flat income tax protection would open the door for massive tax hikes on the state’s middle class.
Tim Mapes is also in line for a six-figure pension.
As part of a large and growing property tax bill, Springfield area taxpayers have to bail out the Bank of Springfield Center.
Chicago homeowners will see their property tax bills rise by an average of $110 this summer. But suburban residents and business owners should also prepare for a hike.
State lawmakers should reform Illinois’ overly complicated sales taxes and other anti-business taxes, which violate guiding principles of sound tax policy.
The Land of Lincoln's meager rainy day fund would leave the state exposed in the event of another recession.
With attendance for DePaul men’s basketball games falling short of projections, taxpayers are footing the bill for another disappointing sports bet.
Illinois is expected to raise an additional $200 million in sales tax revenue due to changes in the new state budget and the U.S. Supreme Court’s decision in South Dakota v. Wayfair Inc. Lawmakers should offset this expansion of the sales tax by ending a $200 million harmful tax on business investment.
Tying government spending to economic growth protects taxpayers from future tax hikes.