Budget + Tax
Illinois local governments lose out on $10.9B in state taxes
Illinois local governments have been denied more than $10.9 billion in state income tax revenue since fiscal year 2012 because state lawmakers cut their share. Illinois local governments lost out on more than $10.9 billion in state…
Illinois counts on bad habits to raise $3.47B in sin…
Whether your vice is drinking, tobacco, cannabis or gambling, Illinois is enjoying $3.47…
Illinois state spending balloons as state economy…
At least 49 tax hikes under Gov. J.B. Pritzker have driven state spending to record highs,…
Illinois spends $1M to rethink capitalism
Illinois progressives want to reimagine capitalism and hand out free money with the tax…
Watching ‘Elf’ or ‘Home Alone’ costs $300M more in…
Chicagoans pay extra to stream holiday movies on Netflix or Hulu because of the city’s 10.25%…
Chicago adopts $16.6B budget, adds $535M in taxes
Chicago aldermen for the first time pushed through their own budget, rejecting the mayor’s effort to impose a job-killing head tax. There are other taxes. After months of debate, Chicago’s final $16.6 billion budget passed the City…
Property taxes rob ‘Home Alone’ house of nearly $52,000
The owners of Kevin McCallister’s house from the “Home Alone” movie will pay nearly $52,000…
Gassing up in Illinois pricey during record holiday…
AAA estimates 5.7 million Illinoisans will travel this holiday season. Most will be driving,…
Judge rules Cook County tax sale illegal; lawmakers yet…
A federal judge ruled Cook County is illegally settling minor property tax debts by seizing…
High sales taxes suck a little joy out of Illinois…
Illinois sales taxes on holiday purchases rank No. 8 in the U.S., but Chicago charges…
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