Illinois homeowners are most likely in the nation to be in foreclosure. The looming $2,100 property tax hike from Amendment 1 would make housing even more unaffordable.
Gov. J.B. Pritzker declared Illinois a disaster zone for the 32nd time. When this declaration ends, he will have given himself emergency powers for 895 days – more than two-thirds of his term.
We too often call it the “Fourth of July” and lose sight of its true meaning – independence. Independence from tyranny and the freedom to pursue life, liberty and happiness.
Taxpayer contributions accounted for 56% of the money that flowed into Illinois’ pension funds in 2000. Two decades later, residents funded 84% of public employees’ retirements, yet pension debt is still growing.
For Illinois border resident Brett Retherford and his neighbors, high Illinois fuel taxes drive them to buy their gasoline in Iowa. Illinois politicians’ heavy demands lose them hoped-for taxes when drivers have a choice.
Illinois lost more than 100,000 residents and $8.5 billion on net in adjusted gross income to other states from 2019-2020, according to new federal tax return data. Those leaving earned $31K more than those coming in.
While Illinois settles for Pritzker’s temporary relief that mostly expires after the November election, its neighbor states are making long-term changes to help grow their economies.
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.