Illinois’ pension crisis has been a growing problem for decades, and its negative effects on state residents are well documented.1 Economic fallout from the COVID-19 pandemic and related government shutdown orders threaten to bring that long-running crisis closer to its breaking point. The state’s five pension systems collectively held nearly $139 billion of debt at...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.