Not only would a progressive income tax hike end up taking more money directly from all taxpayers’ pockets, but it would also have negative economic effects on jobs growth, after-tax income adjusted for cost of living, and overall economic output.View Report
Gov. J.B. Pritzker claims his progressive income tax will only affect the rich. But Illinoisans making as little as $26,100 would see an income tax hike under rates Pritzker cited in his budget address.
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.
Pension payouts collected by the Belleville area’s top-earning school retirees underscore the need to reform Illinois’ unaffordable pension system.
Local leaders say more passengers will reduce the need for taxpayer money at MidAmerica St. Louis Airport. But as traffic rises, so too has the tab for St. Clair County taxpayers.
The county board approved a $3.5 million property tax levy increase for 2019.
Property taxpayers in St. Clair County have seen home values swamped by property taxes over the past 20 years.
While a few payouts were the result of severe injuries, local taxpayers were also on the hook for settlements with workers who returned to work the very next day.
Illinois has more units of local government than any other state in the country, many of which are duplicative and overlapping. In Belleville, where the majority of the city’s school districts cover fewer students than the state average, consolidation efforts could boost efficiency while saving taxpayer dollars.
Many school district employees’ earnings are more than double that of the typical Belleville household.
Residents of St. Clair and Madison Counties will soon see some of the nation’s most punishing property tax bills.