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
Voters said they don’t need a township on top of Springfield city government, but unless Sangamon County leaders act there will be no tax savings.
Voters decided Sangamon County school building improvements were worth boosting Springfield’s sales tax to among the highest in the nation. The 1 percent sales tax hike will take the total to 10.75 percent at some stores.
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.