While J.B. Pritzker has not released a detailed tax plan of his own, reasonable cost estimates suggest the tax hike required to pay for the candidate’s spending promises would require doubling Illinois’ state income tax rate and cost the state an estimated 132,000 jobs and $31.3 billion in forgone GDP.View Report
A new investigation by the Chicago Tribune and ProPublica Illinois reveals the mismanagement of the Cook County property tax system, and the politically connected firms who profit from it.
House Bill 162 would bring back Illinois’ Economic Development for a Growing Economy tax credit program.
A decade-old, 18-story, taxpayer-funded hotel in the village of Lombard is headed for bankruptcy, proving to be a misguided investment of taxpayer dollars.
Madigan, Martwick and Mautino are cogs in a well-oiled political machine that continues to enrich Illinois' political class at the expense of taxpayers.
The village of Rosemont is moving forward on a $60 million taxpayer-funded baseball stadium.
In 2015, Chicago-headquartered Akuna Capital LLC signed a deal with the state of Illinois that state officials estimated to be worth $4.5 million. As part of the agreement, Akuna agreed to hire 10 new employees. The agreement states the new hires specialized in trading and software.
Glassdoor agreed to three sets of hiring dates in 2016, 2017 and 2018 in which the job-finding website would hire 240 new employees.
The state agreed to the tax credits in exchange for Capital One hiring 210 new employees and retaining 900.
In exchange for more than $112 million in tax breaks, Amazon promised to expand its Illinois operations and hire 7,200 new employees in Aurora, Monee and Joliet.
As state debts mount and budget plans remain in limbo, Illinois lawmakers move to expand EDGE tax credits.