The Illinois House Revenue & Finance Committee approved a proposed constitutional amendment that would scrap taxpayers’ sole protection against endless income tax hikes.
Illinois stands above its peers when it comes to taxing residents. But Chicago makes it really something to behold when visitors see that famous skyline with all its tall taxes.
Each Chicago taxpayer is on the hook for $119,110 worth of unfunded state, city, county and other local government debt. Many of the pensions driving those debts become Lori Lightfoot’s problem on Monday.
Former Gov. Bruce Rauner vetoed a bill that would have made it easier for McHenry County residents to consolidate their townships. Renewed bipartisan support has sent it back to the governor’s desk, now occupied by Gov. J.B. Pritzker.
An advocacy group backing Gov. J.B. Pritzker’s “fair tax” plan has argued a progressive income tax hike won’t affect middle-class Illinoisans. But its most recent report shows a middle-class tax hit is likely.
Perry County is home to the DuQuoin State Fair, but the prize hog is a pension system eating money needed for public safety and other core services. County employees face layoffs.
Civic leaders across the state have signed onto an open letter declaring their opposition to a progressive income tax, as momentum continues to build against Gov. J.B. Pritzker’s signature proposal.