Decades of institutionalized financial mismanagement left Illinois with the nation’s worst fiscal health. Illinois House Speaker Mike Madigan has been at the center of nearly every bad decision along the way.
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.
By granting broad new taxing authority to Springfield, the progressive income tax amendment makes a retirement income tax much more likely – a fact some supporters have acknowledged publicly.
The years 2010 through 2019 will go down in Illinois history as a decade of public policy failure and economic decline. High fixed costs for pensions and government worker health care have prevented the state from balancing its budget in any year since 2001. Since the Great Recession in 2008, the state’s fiscal imbalance has...
Illinois Gov. J.B. Pritzker has used his private fortune to pay $3 million in state expenses, including boosting salaries of 16 top staffers. Some lawmakers want the ‘unethical’ practice to stop.
A year ago, over half of Illinoisans considered moving away, but today it’s more than 6 in 10, a new poll shows. The No. 1 reason cited for wanting to move? High taxes.