Why are Illinois Democrats preparing to bail out bankers and cash-strapped local governments?

By Michael Lucci
04/03/2017
Bailout bills moving in the Illinois General Assembly would attempt to turn Illinois’ massive debt problems into guaranteed profits for banks and bondholders and a lower standard of living for other Illinoisans.

TAGS: banks, bonds, budget, CTA: Chicago Transit Authority, general obligation bonds, grand bargain, John Cullerton, LGDF: Local Government Distributive Fund, property taxes, RTA: Regional Transportation Authority

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

Illinois’ tax shell games means taxpayers can’t hold their governments accountable

By Craig Lesner
04/26/2016
In 2015 alone, Illinois state government redistributed more than $12 billion in income and other taxes to local governments. These financial shell games have created a needlessly complex system and make it difficult for local taxpayers to hold their governments accountable.

TAGS: LGDF: Local Government Distributive Fund, local government, PPRT: Personal Property Replacement Tax, taxes