Despite an $882 million deficit, Johnson proposes $665 million spending increase
Despite an $882 million deficit, Johnson proposes $665 million spending increase
Over half of that would go to pensions and debt service.
What is the Education Freedom Tax Credit and how can it benefit Illinois students?
What is the Education Freedom Tax Credit and how can it benefit Illinois students?
The Education Freedom Tax Credit, also known as the Federal Scholarship Tax Credit, will give Illinois students access to donor money if the state opts into the program.
Brandon Johnson: Head Tax Thanksgiving
Brandon Johnson: Head Tax Thanksgiving
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How Pritzker can help public school parents pay students’ band fees
How Pritzker can help public school parents pay students’ band fees
Illinois students can face hundreds of dollars in expenses for marching band. A new federal program could help cover these costs.
Mayor wants to raise Chicago’s rental tax to 20%
Mayor wants to raise Chicago’s rental tax to 20%
Brandon Johnson proposes an increase in the Personal Property Lease Tax, which covers products beyond technology.
Why the federal tax credit program won’t reduce Illinois public school funding
Why the federal tax credit program won’t reduce Illinois public school funding
Under the state’s Evidence-Based Funding formula, they receive at least the same they did the previous school year.
At least 7 Democratic states are opting into the FSTC. What’s holding up Pritzker?
At least 7 Democratic states are opting into the FSTC. What’s holding up Pritzker?
At least 31 states have said they plan to opt into the Federal Scholarship Tax Credit program.
Pritzker could unlock over $2 billion for Illinois students by opting into federal tax credit program
Pritzker could unlock over $2 billion for Illinois students by opting into federal tax credit program
The rules allow married donors a tax credit of up to $3,400.
Illinois voters approve $1.63 billion in local bond debt
Illinois voters approve $1.63 billion in local bond debt
19 of 27 bond issues on ballots statewide passed.
Illinois voters reject over 60% of direct tax increases on the ballot
Illinois voters reject over 60% of direct tax increases on the ballot
35 questions authorizing new taxes or tax increases failed.
Do Opportunity Zones lift up lower-income residents?
Do Opportunity Zones lift up lower-income residents?
The evidence shows the program attracts money and erects buildings more reliably than it lifts the people already living there, and it’s performed especially unimpressively in Illinois.
How Illinois and Chicago can improve the climate for starting a business
How Illinois and Chicago can improve the climate for starting a business
The state ranked 45th last year for entrepreneurship. Several moves could reduce barriers.
Update: 4 Illinois counties reject an extra sales tax for schools
Update: 4 Illinois counties reject an extra sales tax for schools
Property taxes haven’t declined when the extra County School Facility Occupation Tax was added.