Streaming Thanksgiving football comes with extra costs just for living in Chicago. The city adds 10% to streaming prices through a local amusement tax.
Chicago Mayor Brandon Johnson describes the 2026 budget as “Protecting Chicago,” but his plan seems to do the opposite. Taxes on Artificial Intelligence, Uber rides and companies with 100+ employees are the biggest revenue sources.
A slew of private investments in nuclear energy signals opportunity, yet Illinois remains one of only 12 states that limits production. The state needs to lift its ban on new reactors.
As Chicago faces a major deficit for fiscal year 2026, Mayor Brandon Johnson is considering resurrecting a failed idea that punishes job creation: the corporate head tax.
Illinois lawmakers got creative with state budget proposals to overhaul pensions and raise new revenue, many of which would have hit consumers and small businesses hardest. They also failed to intrude on how families choose to educate their children.
With the budget facing a potential $1.2 billion deficit, some ideas on the table include taxing deliveries from companies such as Amazon and digital ads.
The Illinois Revenue Alliance, a group which includes the Chicago Teachers Union, has released a proposal to impose nine tax increases and hike statewide taxes by $7.3 billion annually. Some of CTU’s ideas are likely illegal and tax all Illinoisans for the union’s excesses.
Illinois students could soon benefit from scholarship money to help them find a tutor, attend ACT or SAT prep sessions, pay tuition, get special education services or assist with other academic needs. That will happen in Illinois only if Gov. J.B. Pritzker lets the state’s schoolchildren benefit from the Federal Scholarship Tax Credit program, established...