States with a progressive income tax see greater income inequality, and have seen income inequality rise faster than states without a progressive income tax.View Report
Tax increment financing creates elusive troves of property tax “gold” – by depleting funds from local governments the mechanism intends to serve.
Madison County voters have twice turned down a proposed sales-tax hike to fund school facilities projects, but the proposal will appear again on March primary ballots. If approved, shoppers in Collinsville and Granite City would see some of the highest sales tax rates in the country.
Despite residents seeing some of the highest property tax bills in the state, the Wheeling Board of Trustees approved a preliminary agreement giving a developer nearly $7 million to build apartments and retail space in the village.
A new bill introduced in the General Assembly would prohibit local lawmakers from passing tax hikes without voters' permission.
Under the guise of rehabilitating underserved communities, Chicago City Council approved another tax transfer to a private company.
After a punishing 2017, Illinoisans are in dire need of reform from Springfield.
Statewide use of slush funds ensures it’s Christmas every day for political leaders and their chosen developers.
Under the guise of rehabilitating underserved communities, City Hall preps another massive tax transfer to a private company.
In his annual budget address, Chicago Mayor Rahm Emanuel painted a rosy picture about city finances while selling more tax and fee increases.
Cities and villages across the state are raising taxes or implementing new ones for a variety of functions, from attracting a fast-food restaurant to catching up on rising pension costs.