No longer are two guys in stocking caps attacking the Winnetka house made famous in the holiday movie, but property taxes and declining home values are still robbing the owners.
Nearly half of the 20 tax and fee hikes passed to support a record $40 billion state budget and $45 billion infrastructure plan hit on New Year’s Day.
The numerous tax and fee hikes in Gov. J.B. Pritzker’s capital spending plan more than offset the promised savings of the governor’s “fair tax” plan.
Excise taxes have failed to rehabilitate Illinois’ failing fiscal health. But lawmakers have yet to kick the habit.
Illinois will impose a new sales tax on vehicle trade-ins beginning New Year’s Day. That’s why car dealerships have been running radio ads for weeks telling Illinoisans to come on down before the ball drops.
Included in Gov. J.B. Pritzker’s capital plan is increased taxing power for some county governments to create or raise countywide gas taxes. Will County could be the first to exercise that authority.
Chicagoans will pay higher taxes on rideshare trips in 2020 as part of Mayor Lori Lightfoot’s first budget.
Jan. 1 marks a second wave of taxes aimed at drivers to support an infrastructure package championed by Gov. J.B. Pritzker and shrouded in corruption allegations.
With the ratification of the 21st Amendment, 1933 marked the end of Prohibition in the United States. Illinois, however, has continued to serve a cocktail of prohibitive regulations on alcoholic beverages.
Illinoisans paying to park will see a new tax beginning in January. Even parking on someone’s lawn for a special event will be taxed.
Due to a pension sweetener available only to veteran Illinois lawmakers, Cullerton’s annual pension will soon be more than he ever made from his Statehouse salary.
Faced with the impossible task of balancing Chicago’s budget without pension reform, Mayor Lori Lightfoot is forced to partially rely on phantom cuts and revenues.
Each year, tens of billions of dollars flow through Illinois state government.1 These flows all depend on methods of payment. In deciding on those payment methods, policymakers must consider a number of important factors, including security controls, cost effectiveness, accessibility, speed and allowance for choice. This report shows that by adopting best practices across all...
Taxes alone hike the average Illinois cellphone bill by 31%.