Madigan’s ‘millionaire tax’ fails in House
Madigan’s ‘millionaire tax’ fails in House
The House speaker’s proposal to hike taxes on small businesses failed to garner the 71 necessary “yes” votes needed to pass out of the House on April 20.
Progressive tax: Trojan horse
Progressive tax: Trojan horse
Tax on small business
Tax on small business
DAILY LINKS / 1.18.2023
Chicago Tribune: ComEd seeks four-year, $1.47 billion rate increase to bolster the grid for EVs, electrification and climate change Crain's Chicago Business: Small retailers seek pricing relief from Roosevelt-era antitrust law News-Gazette: Champaign County judge says jurors need a raise for longer trials Chicago Tribune: How Chicago area home values compare by ZIP code News-Gazette: Danville denies permit for potential third cannabis dispensaryIllinois House passes local-government consolidation bill
Illinois House passes local-government consolidation bill
DuPage County is projected to save millions of dollars through government-consolidation authority it has enjoyed for years. Now, the Illinois House of Representatives has voted in favor of a bill that would expand these capabilities to all counties statewide.
Rahm plans to borrow $1.2 billion to construct Lucas museum
Rahm plans to borrow $1.2 billion to construct Lucas museum
The mayor’s plan to construct the Lucas Museum of Narrative Art includes more of the same bad policies that got Chicago into its fiscal crisis: a bid to borrow $1.2 billion and hike taxes on residents.
Jobs report: Illinois’ March jobs growth near top of rankings in Midwest
Jobs report: Illinois’ March jobs growth near top of rankings in Midwest
Illinois gained 14,700 payroll jobs on net in March, and compared relatively well with other states in the region for the month, trailing only Ohio in monthly jobs growth. Despite this growth, however, the unemployment rate increased to 6.5 percent. The state also lost 3,100 manufacturing jobs on net.
The proof is in the GDP: Illinois needs to grow its tax base, not its tax rate
The proof is in the GDP: Illinois needs to grow its tax base, not its tax rate
Illinois’ economy lagged the national average between 2003 and 2014. Had Illinois’ gross domestic product grown at the same pace as the national average since 2003, Illinois workers would have generated an additional $64.6 billion in products and services in 2014.
Local government transparency bill clears Illinois House
Local government transparency bill clears Illinois House
House Bill 5522 would require local governments and school districts in Illinois to maintain websites with links to vital public information such as budgets, expenditures and officials’ names and numbers.
Cullerton taxing Illinois drivers per mile
Cullerton taxing Illinois drivers per mile
Comptroller announces paycheck delays for Illinois politicians, state officials
Comptroller announces paycheck delays for Illinois politicians, state officials
Total compensation for affected legislators and statewide officeholders equals about $1.3 million per month, according to the comptroller. On top of salaries, taxpayers also have to foot the bill for lawmaker pensions – in Illinois’ active legislators will each cost the state budget about $180,000 next year.
Illinois state income taxes: Who really pays?
Illinois state income taxes: Who really pays?
The top 18 percent of Illinois taxpayers cover more than 60 percent of the state’s income taxes, and the state’s millionaires pay 15 percent of Illinois’ income taxes.
Cullerton backs away from proposal to tax Illinois drivers by the mile
Cullerton backs away from proposal to tax Illinois drivers by the mile
SB 3267 would introduce electronic driver tracking, and create a behemoth bureaucracy to keep tabs on Illinois drivers and figure out how to process tax credits.
6 reforms to end Illinois’ perpetual budget crisis
6 reforms to end Illinois’ perpetual budget crisis
Illinois needs a combination of constitutional and statutory changes to put and keep the state on sound fiscal footing and allow it to pay its providers and better prepare for emergencies.