When Gov. J.B. Pritzker and state lawmakers doubled the gas tax in 2019, they built in automatic annual increases. The next boost hits July 1. Perfect timing, as Pritzker spends $6 million to ask Illinoisans to take a drive.
The Colonial Pipeline shutdown set off a gasoline price increase, but summer travel demand and pricier summer blends are likely to keep them there. Illinois averages $3.25 per gallon, AAA reports.
Tax Day comes with new threats for Illinois taxpayers, who worked longer than residents in 44 other states to pay their taxes this year.
House Bill 253 would create data-driven process for selecting future infrastructure projects in an attempt to end wasteful and politically motivated spending.
In a letter to the president, Gov. J.B. Pritzker joined other Democratic governors to urge the removal of the State and Local Tax deduction cap. The move would primarily benefit the wealthy, including Pritzker.
Under a new proposal, the city of Chicago would issue debit cards to 5,000 low-income residents that provide $500 each month for a year using some of its COVID-19 relief money.
A bipartisan bill to repeal a $100 hike on license plates for trailers has so many sponsors, it could pass the Illinois House. Still, the bill is stuck in committee because Gov. J.B. Pritzker’s administration wants to hold on to the revenue.
Gas was $3.05 per gallon in Illinois. It was over $1 higher than a year ago and the highest since the state gasoline tax doubled to 38 cents per gallon and is set to increase again July 1.
Judge rules in favor of two former state senators seeking the back pay they rejected and then crowed about rejecting. Ruling applies only to the pair.
Combine the corporate tax rate President Joe Biden wants to fund his infrastructure plan with Illinois’ tax, and the resulting rate would be 35.4% – fifth highest in the nation and second in the Midwest.
A bipartisan ‘spending cap’ bill would allow predictable, sustainable growth in state spending without tax hikes. Illinois is one of the few states without a similar fiscal restraint.
A bill to eliminate some of Illinois’ 1,400 townships is on hold, but state lawmakers could revive it and give voters the power to reduce their property tax bills.
Increasing the estate tax would hurt family farms and businesses, drive wealth and investment out of Illinois. Most states are ending their ‘death taxes.’
Despite pushing hard for a progressive state income tax, Gov. J.B. Pritzker criticized the impact of the same policy at the national level for what it means for Illinois.