Gov. J.B. Pritzker inherited a $2.8 billion budget deficit the moment he stepped into office. Next year, that deficit is projected to be $3.4 billion1. It’s the same story every budget season. But Illinois’ budget crises could be a thing of the past if the state would adopt pension reform, right-size its union contracts and...View Report
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.
Illinois already taxes 20 cents more per gallon of gasoline than Missouri. If state lawmakers add another 30 cents per gallon, expect an exodus of southwestern Illinois drivers buying gas and more in St. Louis.
Outbound movers cited lack of jobs as most common reason for leaving Illinois in 2018. Most of those who left earned at least $100,000.
The Gem City joins a growing list of Illinois municipalities raising property taxes to pay for pensions.
Frustration over high taxes and government waste in Illinois need more than an angry social media post or a moving van. Some residents of McHenry County, Illinois, acted, and are winning reforms.
In 2018, Springfield handed Illinoisans more of the same repackaged policy failures. Lawmakers in the coming year should tape to their desks this wish list of taxpayer-friendly reforms.
As pension costs explode for Winnetka and the rest of Illinois, owners of the “Home Alone” house featured in the 1990 film are feeling the effects.