With voters set to decide on progressive income tax, Illinois wealth flight among worst in the nation
With voters set to decide on progressive income tax, Illinois wealth flight among worst in the nation
New data shows Illinois since 2010 lost up to $32 billion in income from people moving out. Gov. J.B. Pritzker’s graduated income tax plan would hike rates on residents most likely to leave the state, on net.
By Orphe Divounguy, Bryce Hill
Illinois license plate sticker among most expensive in the nation
Illinois license plate sticker among most expensive in the nation
Illinoisans will be paying among the nation’s highest vehicle registration fees as part of a $45 billion infrastructure proposal pushed by Gov. J.B. Pritzker and the General Assembly.
Chicago commuter will see $286 parking tax hike Jan. 1 under Pritzker plan
Chicago commuter will see $286 parking tax hike Jan. 1 under Pritzker plan
Illinois Gov. J.B. Pritzker’s capital plan calls for an increased parking tax, just one of the new ways drivers will pay more in 2020.
Will County board approves new $12M gas tax atop doubled state tax
Will County board approves new $12M gas tax atop doubled state tax
Will County became the first county to use new taxing authority under Illinois Gov. J.B. Pritzker’s capital plan, adding a new countywide gas tax of 4 cents per gallon atop state and local gas taxes.
By Vincent Caruso
Think those Illinois Lottery tickets help schoolkids? Think again
Think those Illinois Lottery tickets help schoolkids? Think again
Lawmakers sold the idea of a lottery with the promise the money would go toward education. But in reality, students never see the money.
By Adam Schuster
Illinois’ high sales taxes turn holiday shoppers into Scrooges
Illinois’ high sales taxes turn holiday shoppers into Scrooges
Illinois’ state and local sales taxes make shopping for gifts an expensive gesture of kindness every holiday season.
Report: Tax rain, plastic bottles and plastic bags to hire more state workers
Report: Tax rain, plastic bottles and plastic bags to hire more state workers
A new report recommends taxes on plastic water bottles, plastic bags and storm water as a way to hire more state environmental regulators.
Suburban families could pay $1,700 more in vehicle-related taxes starting Jan. 1
Suburban families could pay $1,700 more in vehicle-related taxes starting Jan. 1
The gas pump is just one place Illinois drivers will feel pain in 2020, when the remaining transportation tax and fee increases Gov. J.B. Pritzker approved in 2019 take effect.
By Adam Schuster
‘Home Alone’ with a $35K property tax bill
‘Home Alone’ with a $35K property tax bill
No longer are two guys in stocking caps attacking the Winnetka house made famous in the holiday movie, but property taxes and declining home values are still robbing the owners.
By Brad Weisenstein
9 new Illinois taxes totaling $1.7B take effect Jan. 1
9 new Illinois taxes totaling $1.7B take effect Jan. 1
Nearly half of the 20 tax and fee hikes passed to support a record $40 billion state budget and $45 billion infrastructure plan hit on New Year’s Day.
By Adam Schuster
Gas tax and vehicle fee hikes erase Pritzker’s promise of progressive income tax relief
Gas tax and vehicle fee hikes erase Pritzker’s promise of progressive income tax relief
The numerous tax and fee hikes in Gov. J.B. Pritzker’s capital spending plan more than offset the promised savings of the governor’s “fair tax” plan.
By Vincent Caruso
Bad Santa: Sobering ‘sin taxes’ in Illinois among nation’s highest
Bad Santa: Sobering ‘sin taxes’ in Illinois among nation’s highest
Excise taxes have failed to rehabilitate Illinois’ failing fiscal health. But lawmakers have yet to kick the habit.
By Vincent Caruso
New car trade-in tax will hit Illinois drivers New Year’s Day
New car trade-in tax will hit Illinois drivers New Year’s Day
Illinois will impose a new sales tax on vehicle trade-ins beginning New Year’s Day. That’s why car dealerships have been running radio ads for weeks telling Illinoisans to come on down before the ball drops.
By Austin Berg
Will County board to vote on 4-cent countywide gas tax following doubled Illinois tax
Will County board to vote on 4-cent countywide gas tax following doubled Illinois tax
Included in Gov. J.B. Pritzker’s capital plan is increased taxing power for some county governments to create or raise countywide gas taxes. Will County could be the first to exercise that authority.
By Vincent Caruso