A multibillion-dollar business based in Missouri — Stifel, Nicolaus & Co. — is making a pretty penny helping to hike local sales taxes across Illinois.
Property taxes are the single largest tax in Illinois, burdening residents far more than either income or sales taxes. Illinoisans already know they pay high property taxes. But what is not as well known is that property taxes are outpacing residents’ ability to pay for them. Over the past 50 years, whether measured in comparison...
While school districts can place sales-tax referendums on the ballot every election, once sales-tax hikes are enacted, voters can never initiate a referendum to repeal them.
The public school district in Jacksonville, Illinois, is criticizing fellow Illinoisans for educating residents about a significant sales-tax increase proposal on the ballot – a tax increase that would drive up the cost of gas, clothes, prepared food, electronics and more. School district officials called the Illinois Policy Institute a “Chicago based” group, when we’re...
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...
Property taxes for school districts in Champaign County have risen substantially, despite property-tax relief promises made regarding the County School Facility Sales Tax enacted in 2009. And there’s reason to believe districts across the state might suffer the same fate. In April 2009, Champaign County passed a referendum for a 1 percent increase in the...
At least 84 corruption-related stories have been reported from across the state of Illinois in August alone. Atop August headlines is the recent revelation that a federal grand jury subpoenaed the emails of Gov. Pat Quinn’s ex-chief of staff in relation to Quinn’s anti-violence grant program. The case, which has been referred to by some...
Institute policy expert, Jonathan Ingram, joined Doug Wolfe on WAND TV to discuss Illinois’ addiction to wasteful spending. Check our Piglet 2012 for examples of pork in Illinois. MUSEUM CAPITAL PROJECTS ABRAHAM LINCOLN MEMORIAL GARDEN FOUNDATION, INC. (Sangamon County) – $82,433. Renovation of the Ostermeir Farmhouse to add handicap accessible features, waterproof basement, replace carpet,...
Diane Cohen General Counsel, Liberty Justice Center Cook County’s Nov. 6 ballot contains a series of advisory questions to voters, the results of which are nonbinding but often used to test – if not justify – future legislative initiatives. Placed on the ballot by vote of the Chicago City Council resolution, some of these questions...
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...