Illinois’ 2011 income-tax hike caused out-migration that cost the state high-earning taxpayers. New IRS data show taxpayers who left had an average income of $77,000 per year, compared with taxpayers who entered Illinois, who had an average income of $57,000 per year.
In a recent study, Illinois received a grade of D for the negative impact its collective bargaining laws have on taxpayers and government workers alike.
Chicago alderman suggests admission charge to sponsored festivals as way to raise revenue.
Each year, the City Council holds hearings for every city department to justify their annual appropriation. These hearings are sparsely attended and rarely touch on spending. This year, more than half of Chicago aldermen skipped budget hearings.
Since 1994, members of The People’s Map — which sued to keep a legislative map reform amendment off Illinois’ November ballot — and their employers have given over $6.6 million to Friends of Michael J. Madigan, the Democratic Majority and the Democratic Party of Illinois, which House Speaker Mike Madigan chairs.
The state’s high-tax burden is not only hurting struggling taxpayers’ pockets, but is also depreciating home values across Illinois.
The surging numbers of able-bodied adults in ObamaCare’s Medicaid expansion threatens funding for Illinois’ neediest residents and discourages work among those enrolled.
Continued jobs losses in manufacturing underscore the need to reform the state’s onerous tax and regulatory policies.
Illinoisans don’t vote to make Madigan the speaker of the House. That job belongs to their representatives.
The flexibility to use these large, transportation-related revenue sources for other emergencies is crucial.
Vonco is the second major packaging manufacturer to leave Illinois in less than two weeks.
The ratings agency cited the city’s “considerable growth” in pension debt in its Oct. 28 downgrade to A3 from A1.
Palatine-area Community Consolidated School District 15 is once again a hotbed of debate, as the school board that recently tied taxpayers to a 10-year union contract has now approved a $130 million building referendum to be placed on the November ballot. Before voting, residents need to take into consideration the school board’s history of closed-door decision-making, as well as the substantial economic impact the referendum could have on local taxpayers.
Altria announces plant closures in Illinois and Pennsylvania.