While J.B. Pritzker has not released a detailed tax plan of his own, reasonable cost estimates suggest the tax hike required to pay for the candidate’s spending promises would require doubling Illinois’ state income tax rate and cost the state an estimated 132,000 jobs and $31.3 billion in forgone GDP.View Report
A proposed 1 percent sales tax for school facilities improvements would bring the city of Springfield’s combined sales tax rate to 9.75 percent – among the highest in the nation.
A ballot question asking voters whether to eliminate Capital Township could bring savings to Springfield taxpayers – but that would just be one of many steps worth taking to lower Springfield’s high property taxes.
Among the 23 former city of Springfield employees who retired at age 50, five have accumulated more than $1 million in pension benefits.
As part of a large and growing property tax bill, Springfield area taxpayers have to bail out the Bank of Springfield Center.
With pension debt straining city finances, local politicians have insisted on turning to its declining population for more tax revenue.
Seven metro areas across the state lost jobs over the month.
The city's budget for fiscal year 2019 was accompanied by increases in sales and telecom taxes. But local officials still anticipate a deficit.
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.
Springfield won’t let millions in unpaid utility bills get in the way of nonessential spending.
The culture of silence will end eventually. And when it does, it will be with a deafening roar.