Gov. J.B. Pritzker signed a $55.2 billion budget propped up by five new tax hikes starting July 1. Gas, phone bills, tobacco, sportsbooks and rentals such as VRBO will all come with higher taxes in Illinois.
State lawmakers built Illinois’ record $55.2 billion budget for 2026 on gimmicks, one-time fixes and piecemeal tax hikes. They left pension debt, transit cliffs and real reform for another day.
Gov. J.B. Pritzker’s record $55.2 billion budget relies on Illinoisans paying over $394 million in new or higher taxes on sports bets, tobacco, short-term rentals and more. At the same time, he’s set to take away a property tax break.
Of the 15 largest cities, only Chicago lets its mayor fill vacancies on the city council. Mayor Brandon Johnson is about to exercise that long Chicago tradition by filling a vacancy he created.
Published July 9, 2024 America is facing a housing affordability crisis. According to a 2022 survey, 73% of Americans said the average person could not afford a home in their area, and 69% were worried about their children and grandchildren being able to afford a home. That’s unfair. Everyone deserves a good roof over their...
Was Chicago Teachers Union President Stacy Davis Gates being facetious when she said a new contract could cost $50 billion and three cents? Maybe not. An analysis puts the price tag at least above $10 billion.
A 142-page leaked document contains hundreds of Chicago Teachers Union contract demands, from 100% abortion coverage to pay for surrogates, from housing students in old schools to a fleet of electric school buses. Then there are 180 more of the union’s favored, failing schools.
Chicago issued permits for about 160 coach houses and granny flats after banning the alternative housing for decades. But restrictions may damage the experiment, especially in areas that most need affordable housing.
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.