taxes

Bad blood makes for bad policy in General Assembly’s budget exemption

By Robert Steere
09/23/2014
Does bad blood between political leaders justify bad public policy? Most Illinoisans don’t think so, especially when the result is legislation that exempts their lawmakers from budgetary oversight. Earlier this year, at the midnight hour of spring session, Illinois’ legislative leaders carved out a special exemption for themselves from the state budgeting process. They enacted...

TAGS: taxes

Is pension reform dead in Illinois?

09/19/2014
In June 2014, in response to attempts by the state to reform government-worker health-care costs, Illinois’ Supreme Court found these benefits to be protected by the state’s pension clause ­– even though retiree health-care benefits are nowhere to be found in the state pension code. As a result, many assume that if the state can’t...

TAGS: budget, pensions, taxes

Chicago takes pole position in race for Obama library, no tax dollars required

By Jane McEnaney
09/16/2014
On Sept. 15, the Barack Obama Foundation announced four semifinalists in the battle to build Barack Obama’s presidential library and museum. The four potential host sites include the University of Chicago, the University of Illinois at Chicago, Columbia University in New York City and the University of Hawaii. Holding two of the four slots, the...

TAGS: Barack Obama, library, Obama presidential library, taxes

Illinois’ backlog of unpaid bills totals $4.4 billion

By Benjamin VanMetre
08/26/2014
Illinois began August with a $4.4 billion dollar backlog of unpaid bills. If lawmakers would have kept the promises they made in 2011, the backlog would be zero today – or close to it. In January 2011, Illinois lawmakers pushed through a record tax hike that raised the income tax rate on individuals to 5...

TAGS: debt, taxes, unpaid bills

Illinois businesses burdened by much more than taxes

By Naomi Lopez Bauman
08/19/2014
A recent study of the business tax burden in the 50 states and District of Columbia ranks Illinois as 27th in the nation. Portrayed as being “not so bad” in the media sheds a lot of light on Illinois’ current economic position. But while Illinois ranks in the middle of the pack for business tax...

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Quinn passes the buck on cell-phone tax hike, Chicago cashes in

By Austin Berg
07/31/2014
Back on June 6, Illinois Gov. Pat Quinn signed legislation authorizing Chicago city officials to enact a 56 percent per-line 911 fee hike. This measure gave the city of Chicago the authority to raise the city’s per-line 911 fee to $3.90 from the old fee of $2.50. It didn’t take long for Chicago City Council...

TAGS: cell phone tax, taxes

‘Keep Your Promise’: IL lawmakers must let temporary tax hikes sunset

By Benjamin VanMetre
06/20/2014
Temporary tax hikes notoriously stick around longer than planned. Pennsylvania passed a 10 percent tax on alcohol to pay for damage from a flood in 1936. The state continued to levy the tax after the flood damage was paid for. Today the rate is 18 percent. But lawmakers across the country have been better at...

TAGS: income tax, taxes