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
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.
Every relationship comes with some sacrifices. But for an alarming number of Illinoisans, they're opting instead to sacrifice their state IDs.
The state has chosen to coddle some big businesses while punishing the small.
A new bill introduced in the General Assembly would prohibit local lawmakers from passing tax hikes without voters' permission.
The Office of the City Clerk announced that the change in prices for annual vehicle stickers would follow Consumer Price Index changes.
The Land of Lincoln's addiction to regressive "sin taxes" burns more and more of Illinoisans' incomes.
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.
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.
Illinoisans shoulder some of the highest property taxes in the country. This burden is key to understanding the state's outmigration problem. Despite the failure of lawmakers to reverse this crisis, there remain a number of sound reforms waiting for consideration.
A recent analysis ranked 75 of the most populated cities in terms of fiscal health - and placed the Windy City next to dead-last.