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...
As a majority of recently polled likely Chicago voters believe Mayor Rahm Emanuel should resign, AM 560’s Dan Proft and Pat Hughes, co-founder of the Illinois Opportunity Project, look ahead to the 2019 mayoral election and the possibilities for reform-minded candidates.
November saw Chicago’s City Council let the term of the legislative inspector general, who is tasked with overseeing City Council, expire without hiring a replacement, as well as several other instances of breach of public trust and influence peddling around the state.
Funds provided through Senate Bill 2039, which Gov. Bruce Rauner signed into law Dec. 7, will allow the Illinois Lottery to resume paying winning ticket holders.
Chicagoans are the most-taxed residents of any major city in Illinois and pay the 10th-highest property taxes compared to taxpayers in other large U.S. cities.
Illinois’ tax code stands in the way of the state’s economic competitiveness. The combination of high tax burdens and a poor tax structure contributes to the loss of jobs and investment to other states. From a place of former economic dominance, Illinois now ranks 45th in gross state product (GSP) growth over the past decade...