If an Illinois worker takes a pay cut during a recession, she knows the state isn’t going to take an even bigger chunk out of her paycheck. That’s because the state income tax rate stays the same. But if her home loses value, too, she could still see her property tax bill go up. Government...View Report
A proposal to tie state spending to what taxpayers can afford is earning bipartisan support in Springfield.
Mandating more reasonable spending growth is the first step in a journey back to solvency for Illinois. The cap provides certainty today for a more responsible state government tomorrow.
The bill would cut off Illinois’ new tax credit scholarship program if the Illinois State Board of Education determined public school funding levels were inadequate.
State spending grew 25 percent faster than Illinoisans' personal income from 2005-2015.
Illinois is broke. But leaders don’t act like it.
The Taxpayer Fiscal Charter Act would demand funding transparency before spending bills make their way out of Springfield.
As its population and tax base erode, the city of Decatur passed a budget for fiscal year 2018 more than $3 million in the red.
Illinois has been ranked third-to-last for business friendliness in three straight surveys of CEOs.
A new study shows the Windy City’s financial troubles persist, despite a series of tax increases.
The village and school district will likely raise their property tax levies.