Illinois is the second-most corrupt state in the nation, according to the University of Illinois-Chicago. And corruption costs the state economy at least $550 million per year. But the size and scope of government corruption is nothing new for Illinoisans. What is new? Powerful Illinois lawmakers, Chicago aldermen, local mayors and business interests are involved...View Report
Chicago Mayor Lori Lightfoot wants state lawmakers to let her impose progressively higher real estate transfer tax rates to close a $838 million budget deficit. She faces a limited time window and resistance from state lawmakers.
New academic research on a progressive income tax hike in California should be a warning to Illinois voters deciding on Gov. J.B. Pritzker’s progressive income tax hike in November 2020.
Kentucky’s economic developers are using billboards along Interstate 57 to bring businesses south by highlighting Illinois’ poor finances, high taxes and unwelcoming business climate.
City pension contributions are set to spike by $1 billion over just four years. Taxpayers cannot afford the entire burden of fixing city finances.
High property tax bills suppress Illinois housing demand, slowing average growth in home values when compared to the rest of the nation.
After rejecting an offer based on recommendations of a neutral third-party report, Illinois’ largest teachers’ union walked out on their students Oct. 17.
The Chicago Teachers Union went on strike despite an offer that would boost average pay to nearly $100,000. Here’s who is getting hurt and the true costs of the strike.
Records show two Cook County Board members representing Chicago-area districts have each collected more than $100,000 from the Chicago Teachers Union atop their $85,000 commissioner salaries.
East St. Louis is short $9.5 million between a budget deficit and back payments owed to its fire and police pensions. As a result, city leaders are closing a firehouse and laying off nine firefighters.
Consolidating downstate and suburban police and fire pension systems is a start, but both fixes and Illinois’ pension problems go much deeper.