taxes

2015 State Business Tax Climate Index: Illinois drops to 31st

By Robert Steere
10/29/2014
Illinois’ burdensome tax climate for businesses will continue to hold the state back from creating jobs and growing the economy in 2015. The Tax Foundation issued its 2015 State Business Tax Climate Index, reporting that Illinois dropped two positions in the ranking since last year, to 31st from 29th. Prior to 2011, Illinois steadily ranked...

TAGS: taxes

Chicago cellphone taxes highest in nation

By Robert Steere
10/27/2014
Everywhere they look, Chicagoans see ads urging them to switch their cellphone service. One major provider urges customers to purchase a four-line family plan with all the texting, talking and data one could possibly use for only $100 per month. But the ad fails to mention that a Chicago family would actually have to pay...

TAGS: cell phone tax, taxes

School districts should stop using tax dollars to support ballot measures

By Jeffrey Schwab
10/15/2014
Should a school district be allowed to use your tax dollars to promote a ballot measure that would raise sales taxes? Of course not. In fact, the Illinois State Officials and Employees Ethics Act requires all units of local government, including school boards, to adopt policies prohibiting their officials and employees from using government resources...

TAGS: ethics, Illinois State Officials and Employees Ethics Act, taxes

Meet the company pushing sales-tax hikes across Illinois

By Brian Costin
10/14/2014
Fourteen Illinois counties face higher sales taxes if referendums pass at the ballot box this fall. The tax is called the Illinois County School Facility Occupation Tax, or County School Facility Tax (CSFT) for short. The law authorizing the tax, which passed in 2007, allows school boards representing 51 percent of a county’s student population...

TAGS: Missouri, Nicolaus & Co., sales tax, Stifel Nicolaus & Co., taxes

Legislative exemption ignores the real budget crisis

By Robert Steere
10/03/2014
As the state of Illinois moves deeper into budgetary crisis, the people of Illinois are depending upon government leaders to confront serious fiscal challenges with maturity, wisdom, courage and responsibility. The character exhibited by our governor and legislative leaders in this crisis will determine the trajectory of our state for years to come. Focus on...

TAGS: taxes

State, suburbs double down on Divvy

By Austin Berg
09/30/2014
Chicago’s Divvy bikes will soon be pedaled down suburban streets. On Sept. 29, Gov. Pat Quinn approved a $3 million state grant expanding the bike-share program to the suburbs of Evanston and Oak Park, while adding 50 new docking stations to Chicago’s Garfield Park, Austin, Rogers Park and West Rogers park neighborhoods. Seven hundred new...

TAGS: Divvy, rideshare, taxes