Budget + Tax
Tax hike threat looms as Illinois budget deadline nears
They are signaling a willingness to raise taxes as the May 31 deadline quickly approaches. Even though Illinois lawmakers have only a few days to pass a state budget with a simple majority vote, many have yet to see the full details of…
Illinois homeowners pay country’s highest property…
The state again had the highest residential property tax rate in the U.S. in 2024, tied with…
Delayed property tax bills cost Chicago Public Schools…
Chicago Public Schools borrowed over $1.8 billion amid a delay in last year’s Cook County…
Bad revenue forecasts drive reckless state spending
Lawmakers too often decide what to spend without an accurate picture of what will come…
Illinois drivers pay nation’s second-highest gas taxes…
Gas prices in Illinois are up 48% from last Memorial Day. Here’s what to know about the…
The Chicago City Council must empower itself for better budget oversight
Going into this budget cycle, there should be an added urgency for the City Council to build its capacity to play a co-equal role in the budget process and push to adopt more reforms and efficiencies to control spending. Recently…
2 ways to improve Illinois spending decisions
Lawmakers make costly decisions without understanding the economic impact. Illinois…
A Bears deal shouldn’t leave property taxpayers on the…
Any deal linked to a stadium should benefit everyone. The debate over a new stadium for…
Illinoisans can read a budget before it passes for the…
Bucking the practice of recent years, lawmakers introduced the proposed budget more than…
Ruling shows Illinois must address home equity theft
A federal judge found Cook County liable for damages to taxpayers who lost the equity in…
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