Rockford receives credit downgrade as pension debt grows
Rockford receives credit downgrade as pension debt grows
As pension debt mounts, Moody’s Investors Services has downgraded the city of Rockford to an A2 rating.
CPS borrows another $500M at sky-high interest rates
CPS borrows another $500M at sky-high interest rates
Chicago Public Schools has issued an additional $500 million in long-term high-interest bonds, following $387 million the district borrowed from JPMorgan in June.
New study ranks Illinois 2nd-worst in fiscal health
New study ranks Illinois 2nd-worst in fiscal health
New findings from the Mercatus Center highlight how Illinois’ reliance on debt and costly pension and other employment benefits have put the state on the wrong fiscal track.
Marion regulates short-term rentals before eclipse
Marion regulates short-term rentals before eclipse
Effective July 20, 2017, residents wishing to host visitors in their homes between one and thirty days must apply and pay $50 for a license. The city must inspect the property and deem it up to standards.
Millennials could be key to Illinois’ housing recovery – but they are fleeing the state
Millennials could be key to Illinois’ housing recovery – but they are fleeing the state
Illinois loses more millennial taxpayers and dependents to other states than any state except New York.
Illinois will gladly pay you on Tuesday
Illinois will gladly pay you on Tuesday
Illinois’ $21 billion in school debt pushes up property taxes
Illinois’ $21 billion in school debt pushes up property taxes
Illinois’ debt per student is the 11th highest of any state in the nation. It is almost 15 percent higher than the national average of $8,764.
State of Illinois loses $4 million in lottery revenue due to budget crisis
State of Illinois loses $4 million in lottery revenue due to budget crisis
That total comes from $2.4 million lost due to the absence of Powerball ticket sales and $1.4 million lost due to the absence of Mega Millions ticket sales.
Kristina Rasmussen heads to Springfield
Kristina Rasmussen heads to Springfield
Income report shows Illinois staggering along with nation’s worst income growth
Income report shows Illinois staggering along with nation’s worst income growth
Illinois’ 32 percent income tax hike will steal nearly an entire year’s worth of income growth from Illinoisans.
Madigan’s minions
Madigan’s minions
Illinois’ budget Grinch
Illinois’ budget Grinch
Illinois’ debt crisis
Illinois’ debt crisis
Sales tax hikes take effect in 50 Illinois taxing districts
Sales tax hikes take effect in 50 Illinois taxing districts
More than 50 Illinois counties, municipalities and business districts started imposing sales tax increases ranging from 0.25-1.5 percent as of July 1.