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

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...

TAGS: taxes