Crain's Chicago Business
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With new resolution, Ives scoffs at economists' proposal to raise property taxes
“Illinois families currently face one of the highest tax burdens in the nation,” Rep. Jeanne Ives (R-Wheaton) writes in HR1072, a new resolution filed today in response to a recommendation by three economists who propose raising property taxes to pay down the state's billion-dollar pension debt.
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Pritzker supports another tax hike for Illinois
Earlier this year, the Illinois General Assembly approved an income tax hike of 32 percent, making it the largest permanent tax hike in the history of Illinois. Despite taxpayers feeling the burden, Democrat J.B. Pritzker, who is vying to become governor, seems to support not only the tax increase but also higher tax increases.
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Illinois manufacturing sector seen as idling as Toyota steers away
The recent decision by Toyota and Mazda against locating their new factory in the DeKalb area has left frustration if not downright puzzlement in its wake, especially since Illinois ranked fourth among the finalists, according to DeKalb County Board Chairman Mark Pietrowski.