Not only would a progressive income tax hike end up taking more money directly from all taxpayers’ pockets, but it would also have negative economic effects on jobs growth, after-tax income adjusted for cost of living, and overall economic output.View Report
A bill in the Illinois House would empower voters to reform the funding priorities of their local school districts.
The Citizens Empowerment Act would let taxpayers cut local government at the ballot box. Illinois lawmakers from both parties are backing it.
Illinois has more than 850 drainage districts. A bill in the Illinois Senate could eliminate some of those government units – and save the tax dollars that support them.
The Jeep Cherokee manufacturer plans to lay off nearly 1,400 workers at its Belvidere, Illinois, facility and invest $4.5 billion in a 6,500-job expansion in Michigan.
For the second year in a row, a WalletHub study found Illinois’ high property tax burden is second only to New Jersey.
According to recent data, Illinois spends nearly double the national average on pensions, measured as a percentage of all state and local government spending.
Every relationship comes with its sacrifices. But for an alarming number of Illinoisans, parting ways with Illinois is how they choose to get on with their lives.
Declining home values and a shrinking tax base have created a bigger property tax burden for Harvey, Illinois, homeowners. For their higher taxes, residents get corruption, debt and fewer services.
An amendment to scrap Illinois’ constitutional flat tax protection is gaining sponsors in the Illinois Senate. Lawmakers have refused to discuss rates since those details killed the last progressive tax attempt.
The proposal would lower all local governments’ property tax levies by 10 percent and then freeze them in Illinois. Any future increase would require voter approval.