After passing an unbalanced budget in 2017, Decatur will have to address its declining population and revenue as it looks ahead to crafting future budgets.
As part of the just-enacted state budget, the General Assembly has moved up the expiration of a tax break for sales of gasoline mixed with ethanol. This will likely make the price at the pump go up.
Though U.S. gas prices have dropped to near all-time lows, Illinois’ state and local taxes make gas costlier in the Land of Lincoln than in neighboring states.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.