County leaders may exercise new taxing authority from Gov. J.B. Pritzker’s capital plan. Illinois already doubled its portion of the gas tax, pushing the total burden to No. 3 in nation.
Illinois’ film tax credit program is a slap in the face to the state’s small business community outside the spotlight, does little to grow good jobs and is rife with corruption.
Illinois counties are hiring debt collectors to track down people who may owe money for older, unpaid traffic tickets. One woman accused of owing money would have been just 14 when the ticket was issued.
The state collects no sales tax on trade-in value, but that changes next year. Car dealers call the $60 million to be collected ‘double taxation’ because trade-ins were taxed when purchased.
Illinoisans will soon see their property tax bills listing tax increment financing districts and the amounts the districts are absorbing. Debate about the cost versus benefit should follow.
Newly retired government workers’ lifetime pension benefits will far exceed what they contributed toward their own retirements
Chicago aldermen will be held to higher ethical standards after approving the new mayor’s proposals to repair Chicago’s well-earned reputation for corruption.
A plan that allowed some pension enrollees to cash in early on their earned retirement benefits in exchange for curbing future benefits has so far generated only 3% of its expected savings.
A proposal in the Illinois House would allow lawmakers to forgo their annual cost-of-living increase in base salary. The move comes after former lawmakers sued for back pay.
Data from the American Petroleum Institute confirms doubling Illinois’ motor fuel tax will bring total taxes paid at the pump to third highest in the nation, up from 10th highest a year earlier.
The elections scheduled for November 2020 are already injecting uncertainty into the economy, and the progressive income tax ballot question will make matters worse.