The corporate tax reforms under President Donald Trump’s proposed tax plan could strengthen Illinois’ position as a home for businesses, but the state’s uncompetitive income, property and death tax policies would put its residents at an even greater disadvantage with respect to other states if the president’s plan passes.
House Bill 607 would allow for the consolidation of a duplicative layer of government, something Illinois taxpayers desperately need.
With an average property tax bill of more than $2,000 a year, Decatur continues to hike taxes on a shrinking population.
“Our property taxes are 12 percent of our income. And this is an unincorporated area. “All our neighbors complain about it. People at work complain about it. You read so much about it. There’s a high level of frustration. Because they see what’s happening to their pocketbooks. They’re feeling the effects of it. “On property...
When it comes to taxes, everyone works for the government. Illinoisans worked 120 days – from Jan. 1 until April 30 – to pay the taxes they owe to federal, state and local governments.
Despite the massive size and scope of the project to widen the Tri-State, the Illinois Tollway board suggests new tolls and taxes won’t be needed – but history shows that promises related to tolls in Illinois haven’t held up in the past.
Credit rating agencies have warned Illinois’ credit could slide into junk territory if the legislative session ends in May without a budget deal to get the state’s finances back on track.
House Bill 2977 would require both public elementary schools and high schools to include cursive instruction in their curriculums, and the plan doesn’t include how much this unfunded state mandate would cost taxpayers.
Chicago Public Schools is faced with the possibility of closing school early while Chicago sits on massive property wealth.
Residents of Chicago’s collar counties pay the highest property taxes in the state – and some of the highest in the country.
Government worker retirement costs and interest on state retirement debt are squeezing out funding for social service providers and taxpayer relief.
Despite Illinois’ severe financial problems, less than 3 percent of bills passed by the 99th General Assembly and enacted into law have fiscal notes.
At a time when businesses are fleeing the state, a group of Chicago aldermen are attempting to revive the employer’s expense tax to bail out Chicago Public Schools.
Despite Illinois’ severe financial problems, less than 3 percent of bills passed by the 99th General Assembly and enacted into law have fiscal notes.