A 2024 study showed handing people money they hadn’t worked for hurt them, but Illinois lawmakers are putting $827,272 in tax dollars behind the idea again.
Chicago-area sales taxes were already No. 2 in the U.S., but new taxing authority handed to the Regional Transportation Authority will raise them to No. 1.
A major library supplier formerly employing 1,500 will cease operations at the end of the year, laying off 318 workers in October at its Momence distribution center.
More than half of Illinois voters and one-third of Chicago voters said high taxes were their No. 1 concern. Despite that, Springfield and Chicago politicians both are hiking taxes again to spend more.
Lawsuits are mounting from homeowners, investors and counties. Unless lawmakers act, taxpayers could pay millions in damages over Illinois' unconstitutional tax sale system.
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.