Budget + Tax

Local Government Stretching Budgets? Opportunities for Saving Do Exist

Local Government Stretching Budgets? Opportunities for Saving Do Exist

Now more than ever, local governments across Illinois are experiencing significant declines in revenue sources, and because of this pressure, some are revaluating how they operate and discovering some unnecessary spending habits and stale routines.

2.1 Million, 34% of Tax Filers in Illinois Pay No Federal Income Tax

2.1 Million, 34% of Tax Filers in Illinois Pay No Federal Income Tax

by Brian Costin An interesting study from the Tax Foundation released earlier this week showed that 34% of Illinois citizens who filed a tax return paid no taxes on their income, slightly below the national average of 36%. 2.1 Million out of the state’s 6.1 million filers were able to reduce their income tax liability to...

Institute in the Chicago Sun-Times: Stop Pension Borrowing Plan

Institute in the Chicago Sun-Times: Stop Pension Borrowing Plan

The lack of leadership from elected officials in our state reared its ugly head again this week. Illinois will likely be stuck with another unbalanced budget, thanks in large part to two retiring GOP legislators.

How ‘Bout Them Cuts?

How ‘Bout Them Cuts?

The Illinois House of Representatives fails to pass significant spending reforms.

Budget Battle Update: Borrow!

Budget Battle Update: Borrow!

The Illinois House of Representatives is considering plans to borrow our way out of the state's budget mess.

Making Work Pay

Making Work Pay

Is a tax bill that is 33 percent higher than usual inconsequential?

2,300 Pages

2,300 Pages

Can you read 2,300 pages in just a few hours? There is no way Illinois state legislators are reading the entire budget before they go to vote on it.