Budget + Tax
Illinois drops 6 spots in 6 years for tax competitiveness
Illinois’ state tax competitiveness ranking dropped six spots – from 32nd to 38th in the past six years. That’s the worst in the Midwest. Illinois currently ranks 38th in the nation for its state tax competitiveness, but just six years…
Illinois, Chicago voters rank high taxes as No. 1 issue
More than half of Illinois voters and one-third of Chicago voters said high taxes were their…
Illinois facing lawsuits over property tax theft
Lawsuits are mounting from homeowners, investors and counties. Unless lawmakers act,…
An Illinois wealth tax would be a legal disaster.
Illinois’ latest tax scheme, a 4.95% “wealth tax” on unrealized gains for billionaires, risks…
Illinois House Democrats push first-in-the-world wealth…
State lawmakers are rushing a first-in-the-world wealth tax on billionaires. They also want…
Mayor Johnson’s record-setting $1 billion TIF surplus highlights issues and abuse of Chicago’s Tax Increment Financing districts.
Chicago Tax Increment Finance “surpluses” have increased more than ninefold in the past decade. Chicago Mayor Brandon Johnson unveiled his plan to close Chicago’s $1.15 billion budget shortfall for 2026 on October 16. Among the mayor’s…
What you need to know about Illinois’ candy tax
Illinois’ candy tax doesn’t apply to any treats made with flour. Kit Kat, Twix and Snickers…
Budget cap could have saved Chicago $600M
Chicago’s budget has grown much faster than inflation, leaving taxpayers to endure higher…
Using Microsoft, Salesforce, ChatGPT will cost more…
Microsoft, Salesforce, ChatGPT, Amazon Web Services and Zoom would all come with higher…
Johnson’s “Protecting Chicago” budget proposes nearly…
Chicago Mayor Brandon Johnson describes the 2026 budget as “Protecting Chicago,” but his plan…
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