The fictional family from “Home Alone” has paid nearly $750,000 in property taxes since the film’s release, and real Illinois families are struggling under a massive local tax burden.
Noting some hard numbers from November, Illinois manufacturers say they’re watching Springfield for decisions on taxes and spending as they keep battling in a worldwide marketplace. While Illinois gained a few jobs in November, they weren’t in manufacturing. Although the state added about 400 jobs in November, the unemployment rate rose 0.3 percentage points to...
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...
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.
Illinois jails book over 2.6 times the number of people they did in 1981, costing taxpayers money and keeping many people who have not yet been convicted of crimes behind bars.
Madigan’s letter to the Justice Department came on the same day Chicago’s police superintendent, Garry McCarthy, resigned at the request of Mayor Rahm Emanuel.
The Chicago Teachers Union should think twice before making demands that could result in more taxes on city residents, school closings and teacher layoffs.
A Cook County judge is scheduled to rule on the constitutionality of Chicago's pension-reform law on July 24. No matter what the outcome is, the pension overhaul will eventually end up in the Illinois Supreme Court. But the ruling may give a clue as to whether or not the city’s reforms will ultimately be upheld.
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.