Couples’ wallets won’t feel the love this holiday as inflation soars and Illinois taxes kill the mood. Here’s how much extra a little romance will cost this Valentine’s Day.
Despite claims Illinois’ budget was “balanced,” a closer look shows federal stimulus money propped it up. Only long-term reform on pensions, taxes, health care and school district consolidation can balance state finances and end 21 years of deficits.
Illinois is one of the few states that taxes groceries. Gov. J.B. Pritzker is suggesting a suspension of the 1% grocery tax to help struggling families. Some lawmakers said if Pritzker really wants to help, he needs to end grocery sales taxes.
Illinois Gov. J.B. Pritzker proposed a delay in the automatic state gas tax hikes he ushered in when he doubled the tax. The election-year temporary relief should become a permanent repeal.
Chicago property taxpayers face a nearly 5% hike this year after a decade in which their bills nearly doubled. The city failed to capitalize on the COVID-19 stimulus windfall like others did.
A financial watchdog report estimated each taxpayer in Chicago would need to pay $43,100 to settle the city’s debt. It stands at No. 2 for big U.S. cities. Blame city leaders for repeatedly making pension debt worse.
Despite claims during Gov. J.B. Pritzker’s speech, his budget documents show a flood of federal COVID-19 aid temporarily shrank Illinois’ deficit but failed to balance its budget. His next budget will not end well.
Gov. J.B. Pritzker is expected to unveil $1 billion in temporary tax cuts on groceries, property taxes and gas bills in his new budget. It all goes away just months after he seeks reelection Nov. 8, changing little.
A think tank advised Illinois leaders not to use temporary federal COVID-19 relief aid for on-going programs. It would lead to future funding shortfalls.
Published Jan. 30, 2022
Published Jan. 27, 2022 Illinois’ economy was shaken by the COVID-19 pandemic, but 2021 was supposed to be a year of recovery. Unfortunately, the policy climate continues to be the state’s biggest liability despite high vaccination rates, great natural endowments, a talented workforce, a large financial sector and a growing tech industry. While Illinois boasts...
An investigation found $4 billion in funds to be doled out by politicians at their discretion, with Gov. J.B. Pritzker controlling half of it. The extra pork was packed into Illinois’ $45 billion infrastructure plan, including $144 million for Madigan friends – some who never asked for it.
A change to the Illinois Constitution on the 2022 ballot would effectively transfer power over tax dollars from the people and their elected representatives to special interests. It would thwart any efforts to curb the nation’s second-highest property taxes.
Illinois has the second-highest gas taxes in the nation, but a new bill would let cities add a local gas tax on top of the state and federal taxes and fees. Illinois doubled its gasoline tax in 2019, part of $5.2 billion in new taxpayer costs since Gov. J.B. Pritzker took office.