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
Andrew Hamilton and his consulting firm have collected more than $2 million from eight regional development authorities since 2010.
Lawmakers voted to approve the 1,245-page budget less than 24 hours after it was revealed to the public.
Lawmakers should voluntarily adopt a spending cap to give taxpayers the certainty they deserve.
An investigation in December 2017 found that a convention for municipalities and public agencies ran taxpayers nearly $120,000 in exhibition and hospitality costs. A proposal making its way through the General Assembly would bar state funds from contributing to these excesses.
House members won't return to the Statehouse until the second week of April.
House Bill 4273 would eliminate a loophole in state law that allows lawmakers to receive a month's pay for a day of work.
Spending has consistently outpaced state tax revenues in Illinois for more than a decade. To avoid future tax hikes, Illinois must impose real fiscal discipline on state lawmakers.
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.
With statewide elections in November, the 2018 forecast calls for gridlock.