States with a progressive income tax see greater income inequality, and have seen income inequality rise faster than states without a progressive income tax.View Report
Local voters struck down a 1 percent sales tax hike for the third time in seven years.
Madison County voters have rejected a proposed 1 percent sales tax hike twice before. Will the third time be a charm?
Madison County voters have twice turned down a proposed sales-tax hike to fund school facilities projects, but the proposal will appear again on March primary ballots. If approved, shoppers in Collinsville and Granite City would see some of the highest sales tax rates in the country.
The city's budget for fiscal year 2019 was accompanied by increases in sales and telecom taxes. But local officials still anticipate a deficit.
In a comparative analysis of taxes and fees in the nation's top 15 cities, Chicago won first place more times than any other city.
The Land of Lincoln's addiction to regressive "sin taxes" burns more and more of Illinoisans' incomes.
A potential 2 percent dine-in tax imposed on Springfield restaurants has yet to be introduced, but the idea - which other towns have tried - is not a welcome one.
The Land of Lincoln is also the land of “sin” taxes, “saint” subsidies and other nanny-like policies, according to a new study.
The holiday season is a time for giving. And, by the time Illinoisans complete their shopping, they’ll have given plenty – to state and local governments.
Cities and villages across the state are raising taxes or implementing new ones for a variety of functions, from attracting a fast-food restaurant to catching up on rising pension costs.