A $1 cigarette tax hike included in Gov. J.B. Pritzker’s infrastructure plan will make Illinois’ tax on cigarette packs among the highest in the nation.
Chicago’s McCormick Place convention center has been a political money pit for nearly 60 years. And now state lawmakers are considering whether to keep subsidizing failure with more tax dollars.
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.