Starting today, the state’s tax on motor fuel will double from 19 cents to 38 cents per gallon. The hike pushes Illinois from 10th to No. 3 in the nation for high gas taxes.
By continuing practices such as automatic raises and taxpayer-subsidized platinum health insurance, along with a new $2,500 bonus, the AFSCME contract will transfer more than $3.6 billion in additional compensation from taxpayers to state workers.
Contrary to claims from both Republicans and Democrats, and despite raising nearly $1.1 billion in new taxes and fees for operations, the fiscal year 2020 budget is out of balance by between $574 million and $1.3 billion.
A provision included in Illinois’ previous budget aimed to protect state taxpayers from end-of-career salary spiking in local school districts. The budget proposal en route to Gov. J.B. Pritzker’s desk would repeal that protection.
Illinois Gov. J.B. Pritzker’s amendment would allow Illinois to impose an effective corporate income tax rate of up to 15.28% – the nation’s highest by far.