Springfield’s progressive tax supporters would bring tax hikes to their districts under leading proposal By Bryce Hill 06/27/2018 Scrapping Illinois’ flat income tax protection would open the door for massive tax hikes on the state’s middle class. TAGS: budget, FRIENDLY Act, progressive income tax, taxes
Illinois’ rainy day fund would cover only 81 seconds of state spending 06/25/2018 The Land of Lincoln's meager rainy day fund would leave the state exposed in the event of another recession. TAGS: budget, spending, spending cap
New Illinois budget includes $224 million for Obama Presidential Center By Eddie Damstra 06/19/2018 The state’s fiscal year 2019 budget is out of balance by as much as $1.5 billion. TAGS: Barack Obama, budget, Chicago, Obama presidential library, property taxes
Rahm’s proposal would push Chicago Airbnb taxes above 23 percent By Eddie Damstra 06/17/2018 The mayor’s proposed 2 percent fee would punish short-term rental customers and providers. TAGS: Airbnb, budget, Chicago, homesharing, Rahm Emanuel, sharing economy, taxes
Taxpayers, reformers at a structural disadvantage in Illinois budgeting By John Tillman 06/05/2018 Yes, the state has a budget. But how that budget came to be reveals the reasons our state continues to spend with abandon, tax too much and fail in fostering an economy where its people can prosper. TAGS: Bruce Rauner, budget
Rauner signs spending plan into law By Adam Schuster 06/04/2018 While it’s the closest the state has come to passing a balanced budget in years, Illinois’ new spending plan leaves a lot to be desired for taxpayers. TAGS: balanced budget requirement, Bruce Rauner, budget, spending, spending cap
Budget gimmicks explained: Why the new Illinois spending plan is not balanced By Adam Schuster 06/01/2018 Lawmakers claiming to have passed a balanced budget are relying on a number of common, but deceptive, budget maneuvers. TAGS: budget, credit rating, pensions
Illinois General Assembly passes state budget out of balance by as much as $1.5B By Adam Schuster 05/31/2018 Lawmakers voted to approve the 1,245-page budget less than 24 hours after it was revealed to the public. TAGS: balanced budget requirement, Bruce Rauner, budget, ILGA: Illinois General Assembly, John Cullerton, Mike Madigan
House passes Madigan’s progressive tax resolution By Vincent Caruso 05/30/2018 A majority of House lawmakers sided with the speaker over tapped-out taxpayers. TAGS: budget, income tax, Mike Madigan, progressive income tax, Robert Martwick, taxes
Illinois Senate passes Cullerton budget, out of balance by as much as $1.5B By Adam Schuster 05/30/2018 State senators voted to approve the 1,245-page budget just hours after it was made public. TAGS: budget, COGFA: Commission on Government Forecasting and Accountability, GOMB: Governor's Office of Management and Budget, Governor’s Office of Management and Budget, Illinois Senate, John Cullerton