Chicago’s incoming mayor, Brandon Johnson, has a long list of tax proposals for the city, but he will have to get all of them past the City Council and some past the Illinois General Assembly.
Fifty-eight percent of Illinois voters polled said their property taxes don’t provide enough value in public services. Illinoisans pay the second-highest property taxes in the nation.
April 20 marks Illinois’ fourth high holiday with recreational marijuana. Here’s how cannabis tax dollars are used. March’s monthly sales topped $135 million.
Chicago is in line for casino gaming soon, but its success is dwindling as video gaming machines and sports betting rise.
Aliki Marinos and her brother, Frank, run Bel-Mar Wire Products, a small-scale manufacturing business founded by their father, Tom Marinos, in 1972. In December, they got a property tax bill 3.7 times higher than it had been the year before. To pay for it, they were forced to let go about half their staff. Now,...
Mayoral candidate Brandon Johnson owes the city more than $4,000 in unpaid bills and fines, including traffic tickets dating back to 2014. With income over $178K, he invokes ‘working-class’ struggles.
A new WalletHub study found the typical household in Illinois pays 15% of its income to state and local taxes, the highest in the nation. That’s an average of $10,463 – a 22% hike since 2017.
Illinois Families for Public Schools released a statement denouncing tax-credit scholarships in Illinois. Invest in Kids grants low-income students a scholarship to attend a private school of their choice.
Gov. J.B. Pritzker introduced a Teacher Pipeline Grant Program to address teacher vacancies, but getting more money into classrooms rather than it chasing retirement debt is a better solution.
Mayoral candidate Brandon Johnson seeks to triple the real estate transfer tax on real estate valued at $1 million or more. That would include apartment complexes. In Los Angeles, a similar tax has hurt housing.
Financial reports show IMRF held nearly $8.6 million worth of SVB Financial Group Stock at the end of 2021.
Illinoisans bet more than $275 million on March Madness in 2022, with the state netting more than $2 million in tax revenue. Revenue totals for sports betting in 2022 were the second highest in the nation behind New York.
Brandon Johnson’s mayoral campaign still states his six new taxes on “the suburbs, airlines and ultra-rich” would generate $800 million, even after he dropped his Metra tax. But the math is fuzzy, especially his claim $800 million can become $2 billion.
New polling shows more than one-third of Chicago voters would leave the city if they could, citing taxes and affordability as a top concern. Mayoral candidate Brandon Johnson’s $800 million tax hike could make them move out faster.