Budget + Tax
Pritzker’s social media fee could be costly legal disaster
The governor’s proposal would face challenges. Gov. J.B. Pritzker wants to slap a fee on big tech companies of up to $6 a year on every social media account in Illinois. Pritzker’s proposal, aimed at raising some $200 million a year,…
Illinois combined state, local tax rate tops the…
The amount of state and local taxes paid here also is near the nation’s highest. …
Illinois budget process needs reform
Revamping how the state decides on spending would improve responsibility and transparency.…
How much is the new Illinois gas tax hike?
On July 1 the state tax will hit almost 50 cents a gallon. Lawmakers made yearly…
Pritzker’s 57 tax and fee hikes cost Illinoisans $77…
The governor has presided over $77 billion in increases while Illinois’ economic growth…
Massachusetts ‘millionaires tax’ cost the state $4 billion in departing income
The vast majority of that loss came from high-income earners leaving the state. Massachusetts is the most recent state to impose a “millionaire’s tax.” In 2022 lawmakers and voters there approved a constitutional amendment that…
‘Millionaires tax’ would hike rate 61% on…
Combined state and federal taxes would take more than 50% of the top-end income for 22,000…
How Illinois spends marijuana money
The state’s cannabis taxes likely tempt residents to make purchases in neighboring Missouri,…
Illinois property taxes up 27% under Pritzker
The governor pins the issue on local governments, but state law and decisions contribute to…
‘Toll-Free in ’73’? Illinois tolls cost drivers $27…
Drivers paid nearly $27 billion in tolls from 2024 back to 1973, the year the roads were to…
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