Luxembourg’s ambassador sends letter to Illinois House leaders

By Brendan Bakala
03/31/2017
Luxembourg’s ambassador to the United States has voiced objections to an Illinois House bill that would label Luxembourg a tax haven and subject corporations expatriated there to restrictions on investments and business dealings with the state of Illinois.

TAGS: Bruce Rauner, budget, Christian Mitchell, grand bargain, Illinois House of Representatives, Illinois Investment Policy Board, Jim Durkin, John D’Amico, Katie Stuart, Lawrence Walsh Jr., Martin Moylan, Mike Madigan, Sam Yingling, Silvana Tabares, Stephanie Kifowit, Sue Scherer

Illinois politicians vote to divert $300M from state coffers to fuel local spending

By Amy Korte
03/16/2017
Despite Illinois’ billions in deficit spending and skyrocketing debt, the Illinois House of Representatives passed House Bill 278, which would transfer an additional $300 million per year of state income tax funds to local governments, continuing to prop up local overspending that fuels high property taxes.

TAGS: Illinois House of Representatives, LGDF: Local Government Distributive Fund, property taxes