House Republicans’ 4-year property tax freeze fails homeowners
House Republicans’ 4-year property tax freeze fails homeowners
Local spending drivers need to be reformed to truly relieve taxpayers of Illinois’ highest-in-the-nation property taxes.
Illinois Republicans’ budget plan hikes taxes by $5 billion
Illinois Republicans’ budget plan hikes taxes by $5 billion
The Republican plan hits Illinoisans in fiscal year 2018 with the same $5 billion-plus tax hike from the “grand bargain” plan that failed in May. That plan starts with a 33 percent income tax increase, and includes questionable new taxes on services such as Netflix, laundry services and more.
Forgotten Illinois: Round Lake – united by nature, divided on paper
Forgotten Illinois: Round Lake – united by nature, divided on paper
Lake County lies about 40 miles north of Chicago’s congested urban landscape. With more than 100 lakes within county lines, the place is aptly named and offers a stark contrast to the nearby city. The Rev. Lisle Kauffman, looking over one of those lakes – Round Lake – still admires it more than four decades...
Lakewood, Ill., votes to eliminate TIF district
Lakewood, Ill., votes to eliminate TIF district
The Lakewood Village Board’s decision to end a 2015 TIF district is a win for local taxpayers.
Wasteful TIF spending in Belleville
Wasteful TIF spending in Belleville
As property tax bills land in mailboxes in Madison and St. Clair counties, TIF districts sap local tax dollars.
Moody’s downgrades 7 Illinois universities, 5 are junk
Moody’s downgrades 7 Illinois universities, 5 are junk
Illinois universities have hiked tuition and relied on state subsidies to pay for exorbitant administrative salaries — and now credit rating agencies are punishing them for that destructive behavior.
Lakewood right to push for elimination of TIF district
Lakewood right to push for elimination of TIF district
The village board of Lakewood, Illinois, will decide whether to keep a TIF district approved in 2015 in a vote scheduled for June 13.
Illinois lawmakers pass legislation requiring financial impact statements on executive orders, ignore cost of bills they pass
Illinois lawmakers pass legislation requiring financial impact statements on executive orders, ignore cost of bills they pass
House Bill 2379 would require fiscal impact statements on every executive order. However, less than 3 percent of bills enacted into law in the 99th General Assembly had fiscal notes.
A property tax freeze isn’t enough
A property tax freeze isn’t enough
One in six Illinois homeowners are seriously underwater.
Illinois budget deficit projected to hit $6.2B by June 30, grow to $7.7B by June 2018
Illinois budget deficit projected to hit $6.2B by June 30, grow to $7.7B by June 2018
The state’s bill backlog is expected to hit $22.7 billion and pension costs are predicted to grow 14 percent by fiscal year 2018.
Illinois’ pension debt grew by $25B during 2011 income tax hike
Illinois’ pension debt grew by $25B during 2011 income tax hike
Despite $30 billion in extra tax revenue, the politicians who passed Illinois’ 2011 income tax hike failed to solve Illinois’ pension crisis or pay off the state’s bill backlog.
A taxpayer bill of rights would protect residents and encourage lawmakers to budget responsibly
A taxpayer bill of rights would protect residents and encourage lawmakers to budget responsibly
Illinois needs a taxpayer bill of rights to urge policymakers to budget based on available revenue — or be prepared to subject tax increases to direct voter approval.
Teresa Fiorante
Teresa Fiorante
“I shouldn’t have to go live with my kids. I’ve done everything right to be independent, but now I can’t be independent. My property taxes have doubled, and it’s going to force me out of my home. It’s like they have a gun to your head: Pay this bill or leave the state.” Teresa Fiorante...
Bill to impose ‘privilege tax’ on investment managers fails to move in Illinois House
Bill to impose ‘privilege tax’ on investment managers fails to move in Illinois House
Senate Bill 1719 would impose a 20 percent surcharge on fees earned by investment managers, but the spring legislative session ended with the Illinois House failing to call the measure for a vote.