Each year St. Clair County taxpayers must add money to keep MidAmerica St. Louis Airport open. COVID-19 could turn a hefty financial burden into an albatross.
Gov. J.B. Pritzker calls his $3.7 billion income tax hike a “fair tax.” But opponents have criticized the constitutional amendment as a blank check for House Speaker Mike Madigan and other state lawmakers, courtesy of Illinois taxpayers.
Illinois politicians are already talking about taxing retirees, adding “surcharges” and city income taxes if they can convince voters to abandon the Illinois Constitution’s flat tax protection and give lawmakers greater taxing power.
Income taxes rose 32% for individuals and 33% for corporations in 2017, raising Illinois’ total tax burden to at least sixth highest from 10th highest. More than $1.2 billion went to pensions and debt.
Illinois’ second minimum wage increase this year is part of a plan to hit $15 an hour in 2025. Small businesses face tough decisions on cutting staff or raising prices.
The contractor who revamped Illinois’ unemployment system to handle self-employed workers is being sued. One of the nearly 32,500 applicants who had private information exposed said it was used to access her bank account.
Just as Illinois opened its unemployment system to self-employed workers, the new system exposed Social Security numbers and other private information of 32,483 applicants, according to a Freedom of Information Act response.
Self-employed and gig workers were finally allowed to file for benefits last week, driving the total to nearly 1.1 million Illinoisans seeking help since COVID-19 hit the state’s economy.
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.