Gov. Bruce Rauner has suggested funding CPS with tax increment financing, or TIF, funds; this would temporarily bail out the district, but more needs to be done to address serious concerns about Chicago’s TIF program.
A golden rule of finance is this: Debt that can’t be paid won’t be paid.
More than half of Illinois voters want lawmakers to balance the budget by only cutting state spending.
An Illinois appellate court issued an order on March 1 preventing Gov. Bruce Rauner from implementing his contract offer to AFSCME, the union that represents approximately 35,000 state workers. That means the state and Illinois taxpayers will continue to lose millions of dollars a month while the case proceeds.
Illinois is home to the nation's sixth-highest rate of wrongful convictions. The story of Aurora's Rolando Cruz is one harrowing example.
A new proposal from state Sen. Toi Hutchinson, D-Chicago Heights, would tax internet streaming services in Illinois, much like the potentially illegal internet streaming tax implemented in Chicago.
AFSCME Executive Director Roberta Lynch announced Feb. 23 that union members voted to authorize a state worker strike. But state workers have another option. By becoming a fair share payer, state workers can report to work during a strike without facing union punishment. Here’s what state workers need to know about fair share status.
In the wake of the “grand bargain” budget plan failure, an Illinois politician has proposed applying the 6.25 percent state sales tax to a broad range of services.
Taxpayers shouldn’t be on the hook for such costly promises as they struggle to find opportunities of their own.
Illinois had the highest black unemployment rate of any state at the end of 2016, holding that distinction for six consecutive quarters, according to analysis by the Economic Policy Institute. The Land of Lincoln also has the largest gap between its white and black unemployment rates.
Raising the felony theft threshold won't lead to an increase in overall property crime or larceny rates.
The Senate adjourned yesterday without taking any votes on the "grand bargain."