Chicago Mayor Brandon Johnson likes to parrot platitudes about taxing the rich to fix the city, CTA and Chicago Public Schools finances. But all three made bad decisions and did not adjust to post-pandemic realities. And the rich can move away.
A group of Illinois lawmakers is suing their peers over the last-minute rush to OK a $55 billion state budget few people had seen – just like they do every year. The lawsuit aims to block the budget before Gov. J.B. Pritzker signs it in to law.
State lawmakers built Illinois’ record $55.2 billion budget for 2026 on gimmicks, one-time fixes and piecemeal tax hikes. They left pension debt, transit cliffs and real reform for another day.
Gov. J.B. Pritzker’s record $55.2 billion budget relies on Illinoisans paying over $394 million in new or higher taxes on sports bets, tobacco, short-term rentals and more. At the same time, he’s set to take away a property tax break.
Illinois lawmakers got creative with state budget proposals to overhaul pensions and raise new revenue, many of which would have hit consumers and small businesses hardest. They also failed to intrude on how families choose to educate their children.
With the Illinois state legislative session ended, bills will start crossing the governor’s desk, some containing tax hikes, unaffordable spending and needless regulation. Here’s how Gov. J.B. Pritzker can stop these bad policies from becoming law.
Illinois state lawmakers’ spending plan surpasses last year’s budget by $2 billion, requiring taxpayers to pay over $800 million in additional costs for yet another year of record spending.
State leaders rely on budget gimmicks and short-term fixes and they assume speculative proposals will become law and operate exactly as planned just to balance the books, if only on paper. Transparent, laws-on-the-books-based modeling is the only path to long-term stability.
With the budget facing a potential $1.2 billion deficit, some ideas on the table include taxing deliveries from companies such as Amazon and digital ads.
Springfield lawmakers are close to hiking road tolls, taxing rideshare services as well as real estate sales for everyone in Cook and the collar counties.
State lawmakers have given themselves until May 31 to pass the state’s upcoming budget, here’s what might be included.
Gov. J.B. Pritzker increased Illinois’ state spending more during his first six state budgets than any other state leader in terms of raw dollars since Gov. George Ryan, who took office more than 25 years ago.
Allan Luzbetak has lived in the Lockport, Illinois area for decades; but concerns over rising property taxes could push him out of the state as he enters retirement. He explains his disappointment with community leaders’ approach to spending, and why it tempts so many people in situations like his to leave the state. “I’ve lived...
Since 2017, Rockford Mayor Tom McNamara has cut the property tax rate to 1.93% by cutting costs and spending smarter – a playbook other Illinois cities should copy.