Illinois stands above its peers when it comes to taxing residents. But Chicago makes it really something to behold when visitors see that famous skyline with all its tall taxes.
Each Chicago taxpayer is on the hook for $119,110 worth of unfunded state, city, county and other local government debt. Many of the pensions driving those debts become Lori Lightfoot’s problem on Monday.
The Illinois House Revenue and Finance Committee approved a bill that would more than double the state gas tax. Illinois may soon have the nation’s highest gas tax burden.
Illinois state senators voted 53-0 to extend a pilot program that would waive the fee to expunge or seal records for those wrongfully arrested or charged with a crime in Cook County.
Illinoisans face the highest average combined sales tax in the Midwest. A new bill would show consumers exactly where those dollars are going on every purchase receipt.
A bill that would double the gas tax imposed at the state level would drive up Illinoisans’ overall gas burden to second-highest in the nation – while hiking a truckload of other vehicle costs including higher license plate fees.
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.