Illinois House of Representatives

Why are Illinois Democrats preparing to bail out bankers and cash-strapped local governments?

By Michael Lucci
04/03/2017
Bailout bills moving in the Illinois General Assembly would attempt to turn Illinois’ massive debt problems into guaranteed profits for banks and bondholders and a lower standard of living for other Illinoisans.

TAGS: bonds, budget, CTA: Chicago Transit Authority, general obligation bonds, grand bargain, John Cullerton, LGDF: Local Government Distributive Fund, property taxes, RTA: Regional Transportation Authority

Luxembourg’s ambassador sends letter to Illinois House leaders

By Brendan Bakala
03/31/2017
Luxembourg’s ambassador to the United States has voiced objections to an Illinois House bill that would label Luxembourg a tax haven and subject corporations expatriated there to restrictions on investments and business dealings with the state of Illinois.

TAGS: Bruce Rauner, budget, Christian Mitchell, grand bargain, Illinois House of Representatives, Illinois Investment Policy Board, Jim Durkin, John D’Amico, Katie Stuart, Lawrence Walsh Jr., Martin Moylan, Mike Madigan, Sam Yingling, Silvana Tabares, Stephanie Kifowit, Sue Scherer

Illinois House passes bill to allow residents to dissolve townships

By Brendan Bakala
03/30/2017
On March 29, the Illinois House of Representatives voted almost unanimously in favor of allowing voters to decide on local government consolidation – a crucial component of shrinking local government spending, which drives up property taxes. State Rep. Tom Demmer, R-Dixon, sponsored House Bill 496, which received bipartisan support – more than a dozen representatives...

TAGS: local government consolidation, townships

Illinois politicians vote to divert $300M from state coffers to fuel local spending

By Amy Korte
03/16/2017
Despite Illinois’ billions in deficit spending and skyrocketing debt, the Illinois House of Representatives passed House Bill 278, which would transfer an additional $300 million per year of state income tax funds to local governments, continuing to prop up local overspending that fuels high property taxes.

TAGS: Illinois House of Representatives, LGDF: Local Government Distributive Fund, property taxes