Illinois state lawmakers’ spending plans came in $410 million higher than what Gov. J.B. Pritzker originally proposed. Taxpayers will be forced to pay $1.1 billion more so Illinois can spend record amounts in fiscal year 2025.
The typical racing fan will pay an extra $22 for general admission to Chicago’s NASCAR “Street Race Weekend” thanks to the city’s amusement tax. Luxury seating could cost residents more than the price of a standard ticket in taxes alone.
In 2020, 70% of Chicago voters approved the failed statewide progressive income tax. But on March 19, they rejected Mayor Brandon Johnson’s real estate transfer tax hike. This is a resounding defeat for Johnson and his allies in the Chicago Teachers Union.
March 19 primary ballots ask Chicago voters whether they support Mayor Brandon Johnson's real estate transfer tax hike. While he and 'Bring Chicago Home' advocates claim money will help homeless Chicagoans, there is reason to worry about hurting 5,143 commercial properties with no guarantee how this 'mansion tax' will be used.
More than 55 million people are traveling for Thanksgiving this year, according to AAA. Illinois motorists can avoid the nation’s second-highest gas taxes by filling up in other states.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.