Illinois income tax increase now in effect

By John Kristof

07/12/2017

The Illinois Department of Revenue issued details on how to comply with the state’s increase income tax, signaling the reality of higher taxes for Illinoisans.

TAGS: budget, Illinois Department of Revenue, income tax, taxes

New study ranks Illinois 2nd-worst in fiscal health

By Marianna Schmiesing

07/12/2017

New findings from the Mercatus Center highlight how Illinois’ reliance on debt and costly pension and other employment benefits have put the state on the wrong fiscal track.

TAGS: budget, pensions

Sales tax hikes take effect in 50 Illinois taxing districts

By John Kristof

07/07/2017

More than 50 Illinois counties, municipalities and business districts started imposing sales tax increases ranging from 0.25-1.5 percent as of July 1.

TAGS: sales tax

Moody’s warns of another credit downgrade for CPS after district fails to make full $733 million pension payment

By Robert Brutvan

07/07/2017

Chicago Public Schools failed to pay in full the $733 million pension payment that was due June 30, instead making a partial payment of $464 million, even after taking out a $387 million loan from JPMorgan.

TAGS: Moody's Investor Service, pensions

Illinoisans are still waiting for independence

By Austin Berg

07/06/2017

More than 240 years ago, a group of individuals stood up against a far-off king who taxed them without recourse. Americans honor their efforts each year on Independence Day. The Illinois General Assembly had a funny way of celebrating this year. On July 2, the Illinois House of Representatives passed a budget that includes the...

TAGS: budget, Mike Madigan, term limits

Rauner’s veto statement explains why governor vetoed Illinois tax hikes, budget measure

By Marianna Schmiesing

07/05/2017

In a statement to the General Assembly July 4, Rauner listed the reasons why he vetoed the budget.

TAGS: Bruce Rauner, ILGA: Illinois General Assembly

‘Illinois math’ in one tweet

By Michael Lucci

07/05/2017

The Land of Lincoln needs to end the phony math and restructure its debts and pensions. But legislative incompetence will keep the state in a death spiral.

TAGS: budget, Chris Welch

Illinoisans are still waiting for their independence

By Austin Berg

07/04/2017

House Speaker Mike Madigan can seem like the only state lawmaker in the Land of Lincoln.

TAGS: Mike Madigan, term limits

Illinois House amendment includes permanent income tax hike

By Marianna Schmiesing

06/30/2017

House Floor Amendment No. 2 to Senate Bill 9 would permanently increase the individual income tax rate to 4.95 percent and the corporate income tax rate to 7 percent, but would not expand the state sales tax to services.

TAGS: budget, income tax

Tax hike budget is politically risky for Rauner, Illinois Republicans

By Kristina Rasmussen

06/29/2017

A new poll shows Gov. Bruce Rauner’s political base opposes the tax hike budget proposal the governor has supported. And Illinoisans who favor the tax hike budget proposal do not support Rauner.

TAGS: Bruce Rauner, budget

Illinois General Assembly

Illinois income tax increase now in effect

New study ranks Illinois 2nd-worst in fiscal health

Sales tax hikes take effect in 50 Illinois taxing districts

Moody’s warns of another credit downgrade for CPS after district fails to make full $733 million pension payment

Illinoisans are still waiting for independence

Rauner’s veto statement explains why governor vetoed Illinois tax hikes, budget measure

‘Illinois math’ in one tweet

Illinoisans are still waiting for their independence

Illinois House amendment includes permanent income tax hike

Tax hike budget is politically risky for Rauner, Illinois Republicans

FAQ: How the federal scholarship program would help Illinois students

Report Archive

Diana Graham

Process for unionizing non-state workers raises red flags

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students