Over the last 30 days, Illinois’ already overtaxed state-run pension systems have added at least 651 retired government workers that are projected to average $1.3 million in lifetime pension benefits, according to an Illinois Policy Institute (IPI) report.
The hits keep on coming for Illinois homeowners. Even as residents across the state still struggle to fully recover from the last housing-market crash, property tax bills have continued to spiral upward, soaring by an average of 9 percent over the last decade after adjusting for inflation.
Illinois Policy Institute (IPI) estimates that the $45 billion infrastructure plan Gov. J.B. Pritzker recently signed into law will mean hundreds of dollars more in annual car costs for most Illinois motorists by virtue of the state’s gas tax doubling to 38 cents, and vehicle registration fees jumping to $148 as of July 1.
In a recent article critical of a proposed move to a progressive income tax, the Heartland Institute’s Matthew Glans and Lennie Jarratt point out that one of the arguments for the tax is an empty one: revenues the state has been collecting through the current flat tax are among the most robust in the Midwest.
Illinois Gov. J.B. Pritzker has a lot more work ahead of him than just getting his much-promoted graduated income tax proposal across the finish line, according to at least one organization that is fearful about the state's future.
Health care premiums and costs will go up if Illinois Gov. J.B. Pritzker's idea to slap a tax on Managed Care Organizations (MCOs) sees the light of day, a tax expert with a Chicago-based Conservative think tank said during a recent interview.
After years of trying -- and failing -- to replace Illinois’ flat income tax with a progressive income tax, a constitutional amendment in the state Senate is marking yet another attempt, said the founder of a Chicago-based conservative think tank in a recent newsletter.
Illinois's powerful House Speaker Michael Madigan (D-Chicago), earlier today revealed to be a target in the same FBI investigation that led to an extortion indictment against a Chicago alderman, is not accused of anything new, a think tank reported.