Pension buyout extension passes, forecast to save $1.4 billion By LyLena Estabine 05/30/2026 Renewing the state pension buyout for two years means flexibility for retirees and savings for the state. TAGS: budget, pensions
Tax hike threat looms as Illinois budget deadline nears By Bryce Hill 05/27/2026 They are signaling a willingness to raise taxes as the May 31 deadline quickly approaches.
Delayed property tax bills cost Chicago Public Schools $34 million By LyLena Estabine 05/26/2026 Chicago Public Schools borrowed over $1.8 billion amid a delay in last year’s Cook County bills, adding interest costs and exposing the fragility of the district’s finances. TAGS: CPS: Chicago Public Schools
Bad revenue forecasts drive reckless state spending By Ravi Mishra 05/22/2026 Lawmakers too often decide what to spend without an accurate picture of what will come in.
2 ways to improve Illinois spending decisions By Ravi Mishra 05/20/2026 Lawmakers make costly decisions without understanding the economic impact.
Illinoisans can read a budget before it passes for the first time in at least 10 years By Lilly Rossi 05/19/2026 Bucking the practice of recent years, lawmakers introduced the proposed budget more than three weeks before the May 31 end of the session.
Illinois combined state, local tax rate tops the country By Brennan Park 05/13/2026 The amount of state and local taxes paid here also is near the nation’s highest.
Illinois budget process needs reform By Ravi Mishra 05/12/2026 Revamping how the state decides on spending would improve responsibility and transparency.
Pritzker’s 57 tax and fee hikes cost Illinoisans $77 billion By Ravi Mishra 04/28/2026 The governor has presided over $77 billion in increases while Illinois’ economic growth lags. TAGS: JB Pritzker
Retired state employee backs pension buyouts for Chicago police, fire By Jess Plowman 04/09/2026 75% of property taxes raised for public safety are going to pensions instead of services.