Evidence from Connecticut suggests the progressive income tax could cost Illinois homeowners substantial equity in their homes.View Report
Lightfoot’s budget depends on borrowing and property tax hikes.
Each Illinois taxpayers owes $52,000, thanks to politicians spending more than they already take in. On Nov. 3 taxpayers will be asked for even more.
Only Gov. J.B. Pritzker’s progressive income tax amendment will appear on the ballot in November. Voters were denied a chance to make critical reforms to state government.
Two decades of fiscal mismanagement have left state finances ill-prepared for the COVID-19 pandemic. Congress should condition any additional aid for troubled states on taxpayer protections that ensure pensions are solvent, accounting is realistic and budgets are balanced.
As Illinois teeters on the edge of a junk credit rating, one key policymaker is floating bankruptcy as a solution.
Illinois’ financial outlook was changed from ‘stable’ to ‘negative’ by two major ratings firms, raising the risk the state’s credit rating will formally fall to non-investment grade status.
House Speaker Mike Madigan has built a substantial political army through taxpayer-funded promises.
Illinoisans will soon cast a vote on the biggest ballot question in the history of Madigan’s record-breaking speakership.
Illinois suffered its sixth consecutive year of population decline in 2019, driven entirely by residents leaving for other states.
Contracts went to relatives, associates of former vice chancellor in exchange for kickbacks, charges state. Some contracts required no work.