Due to its poor financial health and lagging economy, Illinois carries unique economic and fiscal risks from a prolonged market downturn or recession. The state must act now to mitigate harm from COVID-19.View Report
Illinois Gov. J.B. Pritzker’s capital plan calls for an increased parking tax, just one of the new ways drivers will pay more in 2020.
Nearly half of the 20 tax and fee hikes passed to support a record $40 billion state budget and $45 billion infrastructure plan hit on New Year’s Day.
Jan. 1 marks a second wave of taxes aimed at drivers to support an infrastructure package championed by Gov. J.B. Pritzker and shrouded in corruption allegations.
Illinoisans paying to park will see a new tax beginning in January. Even parking on someone’s lawn for a special event will be taxed.
Illinoisans will pay more for gas, vehicle registration, cigarettes and parking after a bipartisan vote for $45 billion in new capital spending.