Illinois House proposes ‘privilege tax’ on investment managers
Illinois House proposes ‘privilege tax’ on investment managers
House Bill 3393 would impose a 20 percent surcharge on fees earned by investment managers.
Illinois revenue free fall: Fiscal year-to-date -8.1 percent and worsening
Illinois revenue free fall: Fiscal year-to-date -8.1 percent and worsening
Illinois’ revenues are falling each month of this fiscal year, and it will be difficult to change course.
House Dems OK $800 million in new spending after heated debate
House Dems OK $800 million in new spending after heated debate
Illinois has racked up $14 billion in unpaid bills.
DAILY LINKS / 4.5.2023
The Center Square: Study: Illinois lost $334 million in tax revenue from cigarettes smuggled into state Chicago Tribune: Brandon Johnson will be Chicago’s next mayor. He will face a slew of challenges, from crime to schools to city finances. Chicago Sun-Times: What can we expect from Brandon Johnson — Chicago’s next mayor Daily Herald: Teamsters say local bosses used positions to 'enrich themselves' WGN: Who was elected to the Chicago City Council? WCIA: EIU faculty, staff vote to strike Capitol News: ‘Because Mike Madigan came to us’: Defendant invoked ex-speaker in defense of lobbying contracts State Journal-Register: Springfield election resultsAFSCME blurs the lines between ‘representational’ and ‘political’ spending, to the detriment of fair share payers
AFSCME blurs the lines between ‘representational’ and ‘political’ spending, to the detriment of fair share payers
Government workers in Illinois can opt out of union membership, but they still have to pay fees to the union. Those fees are not supposed to go toward political activities, but a close look at AFSCME’s most recent union report demonstrates how unions use fair share fees for activities most people would consider “political.”
Madigan: All play and no work
Madigan: All play and no work
Workers’ compensation estimated to cost Illinois taxpayers nearly $1 billion per year
Workers’ compensation estimated to cost Illinois taxpayers nearly $1 billion per year
Workers’ compensation is a significant cost to Illinois taxpayers and drains scarce tax dollars from government coffers. A previous report in this series estimated the direct cost of workers’ compensation to state, county and municipal governments is $402 million in worker payouts per year.1 Building upon those findings, this report estimates that the total cost of workers’ compensation to...
Illinois Supreme Court’s denial of quicker AFSCME appeal means taxpayers still on the hook for millions each month
Illinois Supreme Court’s denial of quicker AFSCME appeal means taxpayers still on the hook for millions each month
AFSCME obstructed progress for months on a new contract for state workers. Whether AFSCME and the state are at impasse in negotiations now sits with the Illinois courts – and the Illinois Supreme Court’s decision not to take a direct appeal of the case means taxpayers must continue to pay an additional $35 million to $40 million each month in health care costs alone.
Illinois AFSCME workers receive, on average, nearly $110,000 in total compensation
Illinois AFSCME workers receive, on average, nearly $110,000 in total compensation
The highest state worker salaries in the nation, overtime pay, generous state pensions, taxpayer-subsidized health care coverage and free retiree health insurance for career workers combine to give the average Illinois AFSCME worker six-figure annual compensation.
Illinois Department of Corrections paid 55 nurses over $100K per year
Illinois Department of Corrections paid 55 nurses over $100K per year
Despite a fight from the union, the Illinois Department of Corrections is replacing 124 unionized nurses with private subcontractors, which could save taxpayers millions each year.
Many St. Clair County residents would face higher sales tax rates than Chicago if sales tax proposals pass
Many St. Clair County residents would face higher sales tax rates than Chicago if sales tax proposals pass
If voters approve proposals to raise St. Clair County sales taxes by a combined 2 percent, people in some parts of St. Clair County would face total sales taxes of over 11 percent.
Progressive comeback agenda
Progressive comeback agenda
Why are Illinois Democrats preparing to bail out bankers and cash-strapped local governments?
Why are Illinois Democrats preparing to bail out bankers and cash-strapped local governments?
Bailout bills moving in the Illinois General Assembly would attempt to turn Illinois’ massive debt problems into guaranteed profits for banks and bondholders and a lower standard of living for other Illinoisans.
Wisconsin and Indiana hit new all-time highs for number of people working
Wisconsin and Indiana hit new all-time highs for number of people working
In the last decade, Illinois’ economy and the economies of neighboring states have gone in opposite directions, with more people now working in Wisconsin and Indiana combined.