One progressive tax proposal filed in the Illinois House of Representatives would hike income taxes on Illinoisans earning as little as $17,300 a year.
“Not totally dead” yet In the Chicago suburbs of Burr Ridge, Naperville and Hinsdale this summer, sales of high-end real estate hit a huge slump, which continues. For example, Crain’s Chicago Business reports the city of Burr Ridge has 100 homes on the market priced at $1 million or higher, but only 14 have sold...
The school board in Hinsdale Township High School District 86 is expected to approve a contract with the local teachers union this week, despite the fact that the school board refused to make the terms of this agreement available to the public. Luckily, on Oct. 19, the contract was obtained by the Illinois Policy Institute...
For weeks, teachers in Hinsdale Township High School District 86 threatened to strike after contract negotiations went awry. But on Oct. 9, the union and district officials reached a deal. A strike was avoided, but at what cost? Hinsdale taxpayers won’t find out until after the ink is dry on the new contract because of...
For weeks, teachers in Hinsdale Township High School District 86 threatened to strike after contract negotiations went awry. But on Oct. 9, the union and district officials reached a deal. A strike was avoided, but at what cost? Hinsdale taxpayers won’t find out until after the ink is dry on the new contract because of...
Illinoisans’ average property tax rates as a percentage of home value have soared to 2.28 percent in 2012 from 1.93 percent in 2010. This is the second highest rate in the nation. Many Illinois residents are asking why their taxes are so high, and are curious as to where all this is money going. One organization,...
During Sunshine Week 2014, the Illinois Policy Institute recognized 38 agencies for earning our Sunshine Award for excellence in online transparency. So far this year, the number of Sunshine Award winners is up to 61 – a 60 percent increase. Over the past year, we have partnered with dozens of local taxing bodies across the...
For the past several months, the Illinois Policy Institute has published ongoing updates on the progress of the Illinois Medicaid Redetermination Project, or IMRP, which has garnered significant interest over time. Some people may not remember why IMRP was launched; I do. After all, this was among the many topics I discussed when the Medicaid...
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.