If an Illinois worker takes a pay cut during a recession, she knows the state isn’t going to take an even bigger chunk out of her paycheck. That’s because the state income tax rate stays the same. But if her home loses value, too, she could still see her property tax bill go up. Government...View Report
Misplaced priorities in Illinois' education system may be the reason students are less prepared for college than peers in other states.
As the state continuously spends more than residents can afford, taxpayers in Rock Island County have seen little income growth.
Residents in Madison and St. Clair counties find themselves fleeced by lawmakers' failure to control state finances.
A proposal to tie state spending to what taxpayers can afford is earning bipartisan support in Springfield.
Mandating more reasonable spending growth is the first step in a journey back to solvency for Illinois. The cap provides certainty today for a more responsible state government tomorrow.
Growth in state spending per capita outpaced per capita personal income growth by nearly 40 percent in Jackson County.
State spending grew 25 percent faster than Illinoisans' personal income from 2005-2015.
Spending has consistently outpaced state tax revenues in Illinois for more than a decade. To avoid future tax hikes, Illinois must impose real fiscal discipline on state lawmakers.
The Taxpayer Fiscal Charter Act would demand funding transparency before spending bills make their way out of Springfield.
Illinois House Bill 3868 would give Gov. Bruce Rauner the authority to trim costs and reorder the state’s spending priorities to balance the budget.