State politicians like to pass laws they claim will make Illinoisans healthier by taxing their naughty habits. The taxes rarely are as lucrative as projected and hurt some more than others.
The current owners Kevin McCallister’s house from “Home Alone” will pay more than $50,000 in property taxes this year. Illinoisans pay the second-highest property taxes in the nation on average.
Holiday travel this year is expected to be the second-busiest since AAA started tracking it in 2000. For Illinoisans, it means driving across a state line could avoid the nation’s second-highest gas taxes.
Two false labels are attached to Chicago Mayor Brandon Johnson’s push to tax high-dollar real estate sales. It’s not a “mansion tax.” It taxes mainly businesses. It won’t help “Bring Chicago Home.” It will fuel businesses moving out.
Now that Chicago Mayor Brandon Johnson has passed his first budget, attention should be on the Chicago Public Schools. School leaders claim it will have a budget hole of over $600 million by 2025.
More than 55 million people are traveling for Thanksgiving this year, according to AAA. Illinois motorists can avoid the nation’s second-highest gas taxes by filling up in other states.
Chicago Mayor Brandon Johnson wants voters to raise the city’s tax on million-dollar property sales, which would include any sale on a restaurant such as Mr. Beef, the inspiration for the hit show “The Bear.”
The Chicago City Council is asking voters on the March 2024 ballot to approve or reject a tax increase on the sale of $1 million properties. The move will mainly hit commercial properties, adding to Chicago’s anti-business reputation.
Cook County property taxes rose by $909 million. Property owners should expect bills in the mail after Nov. 1, which are due Dec. 1
Chicago Mayor Brandon Johnson delivered a budget that does little to improve the city or advance his many progressive initiatives. Here’s what it does, and what Chicagoans should be asking city leaders about what it could be.
Gov. J.B. Pritzker said he would oppose a financial transaction tax that Chicago Mayor Brandon Johnson wants as part of his plan for $800 million in new taxes.
A spooky statute in Illinois says sweets made with flour aren’t candy. Halloween shoppers can dodge Illinois’ higher candy tax by checking ingredients.
Chicago Mayor Brandon Johnson presented his first budget to other city leaders on Oct. 11. While he kept his promise not to raise property taxes, there are other fiscal challenges that will hit taxpayers hard in the future and need to be addressed now.
Pension contributions and debt service now take up 40% of Chicago’s city’s budget.