Shrinking McHenry County needs to cap and cut property taxes
Shrinking McHenry County needs to cap and cut property taxes
Local officials’ failure to address skyrocketing property taxes has pushed residents out of McHenry County at astonishing rates.
By Michael Lucci
Senate budget proposal could make soda in Chicago the most expensive in the nation
Senate budget proposal could make soda in Chicago the most expensive in the nation
The new statewide sugary drink tax, on top of Cook County’s similar tax and Chicago’s highest-in-the-nation sales tax, would make soda prices in the city skyrocket.
Illinois Senate proposes income tax hike in the face of record out-migration and wealth flight
Illinois Senate proposes income tax hike in the face of record out-migration and wealth flight
The Illinois Senate’s proposed budget plan would raise the personal income tax rate to at least 4.95 percent with no real reforms to address the state’s skyrocketing debt and unsustainable spending. This proposal comes despite Illinois’ loss of $14 billion in annual income and hundreds of thousands of people in the wake of the 2011 income tax hike.
By Michael Lucci
Illinois taxpayers shouldn’t be forced to bail out politicians’ failures
Illinois taxpayers shouldn’t be forced to bail out politicians’ failures
The Illinois Senate’s budget “compromise” hits Illinoisans with more than $5 billion in tax hikes, continued budget deficits and no real reforms.
By Ted Dabrowski, John Klingner
Nippon Sharyo announces 100 layoffs, despite $10 million in state subsidies and tax credits
Nippon Sharyo announces 100 layoffs, despite $10 million in state subsidies and tax credits
Nippon Sharyo points to prototype difficulties and unspecified business concerns as the main reasons behind the layoffs.
By Brendan Bakala
AFSCME strike vote is an insult to middle-class Illinoisans
AFSCME strike vote is an insult to middle-class Illinoisans
Illinois’ state workers are the highest-paid in the nation when adjusting for cost of living.
By Austin Berg
Illinois Senate proposes statewide tax on soda
Illinois Senate proposes statewide tax on soda
Running out of ideas, the Illinois Senate takes aim at poor people to fund record-high state spending.
By Brendan Bakala
Here’s why Moody’s is warning of an Illinois death spiral
Here’s why Moody’s is warning of an Illinois death spiral
Illinois’ weak economic growth and population loss may signal the beginning of a financial death spiral.
By Michael Lucci
Illinois edges toward recession, politicians propose multibillion-dollar tax hike
Illinois edges toward recession, politicians propose multibillion-dollar tax hike
Despite declining tax revenues and warning signs of a possible recession, Illinois lawmakers in Springfield are mulling tax hikes.
By Ted Dabrowski, John Klingner
Calumet City aldermen and state representative Thaddeus Jones accused of exploiting campaign funds
Calumet City aldermen and state representative Thaddeus Jones accused of exploiting campaign funds
The Illinois State Board of Elections is accusing state Rep. Thaddeus Jones, who is now running for mayor of Calumet City, of misusing thousands of dollars of campaign funds.
By Brendan Bakala
Chervon North America to move headquarters to Illinois
Chervon North America to move headquarters to Illinois
The company plans on moving its white-collar workforce to Naperville, while keeping its manufacturing plant in Michigan.
By Brendan Bakala