Amid two record-breaking income tax hikes, growing property tax bills and population decline, the Land of Lincoln’s income growth is trailing the rest of the nation.
A real estate investment deal arranged by a firm that employed former Mayor Richard M. Daley’s nephew has dealt a blow to Chicago’s cash-strapped pension funds, underscoring the need for a 401(k)-style alternative.
At least one lawmaker is attempting to avoid responsibility for one of the most important policy issues in the state.
One wonders how many times an unpopular idea must be knocked down before it rises back from the dead. Especially when it means more money for the state. And especially in Illinois.
Poor public policy and inefficient government mean Illinois will struggle to provide relief for residents in need during the next downturn.
A proposed 1 percent sales tax for school facilities improvements would bring the city of Springfield’s combined sales tax rate to 9.75 percent – among the highest in the nation.
Illinois issued more than $60 million in EDGE tax credits to Takeda Pharmaceuticals from 2003 to 2013, more than any other company received over that time.
The officers are facing federal charges for their alleged role in a kickback scheme involving an attorney referral service seeking information on traffic crashes.
MillerCoors opened its Chicago headquarters in 2010. Eight years and nearly $6 million in subsidies later, the beer giant has been hammered by a heavy round of layoffs.
Following $3.7 million in EDGE tax credits Illinois awarded the company last year, Flex-N-Gate is set to receive a $1.2 million tax break to boost its Danville workforce.
Taxpayers across Illinois oppose a progressive tax but many state lawmakers still refuse to stand up against House Speaker Mike Madigan’s progressive tax push.
Campaign finance records reveal more than 60 sitting state representatives have received nearly $15 million from the state’s most powerful politician over the course of their careers. In turn, they often give him one of the most important votes he needs to maintain power: the vote for speaker of the House.