Illinois’ comeback story starts here.

An Illinois wealth tax would be a legal disaster

An Illinois wealth tax would be a legal disaster

Illinois’ latest tax scheme, a 4.95% “wealth tax” on unrealized gains for billionaires, risks violating the state constitution, likely resulting in a long and costly legal battle.

By Ravi Mishra

Harvey needs a way out of its crippling pension debt

Harvey needs a way out of its crippling pension debt

Harvey became the second city in 35 years to ask the state to step in under Illinois’ Financially Distressed City Law. It won’t address the main issue: growing pension liabilities.

By Joe Tabor

Budget cap could have saved Chicago $600M

Budget cap could have saved Chicago $600M

Chicago’s budget has grown much faster than inflation, leaving taxpayers to endure higher costs without receiving better services. Implementing a spending cap linked to inflation could have kept costs under control, helping prevent future deficits

By Geoff Feinstein

West Frankfort teachers union files strike notice

West Frankfort teachers union files strike notice

West Frankfort’s local union and school board have been at the negotiation table for more than five months. If an agreement is not reached, teachers in West Frankfort could strike as soon as Oct. 26.

By Lilly Rossi