Illinois lost more than 100,000 residents and $8.5 billion on net in adjusted gross income to other states from 2019-2020, according to new federal tax return data. Those leaving earned $31K more than those coming in.
Federal investigators are seeking records from a small village near Chicago. The subpoena names Illinois House Speaker Mike Madigan, his political lieutenants and former ComEd lobbyists.
Arroyo resigned from his seat in the Illinois General Assembly after his arrest in October on bribery charges. He now faces up to 10 years in prison for bribery.
Former state Sen. Martin Sandoval once headed the powerful Senate Transportation Committee. He now faces up to 13 years in prison on corruption charges involving a controversial red-light camera company.
The former chair of the influential Senate Transportation Committee is the fourth Illinois politician indicted on federal charges amid a sweeping FBI probe.
New data shows Illinois since 2010 lost up to $32 billion in income from people moving out. Gov. J.B. Pritzker’s graduated income tax plan would hike rates on residents most likely to leave the state, on net.
Illinois has nation’s worst pension debt. Maybe that’s because state lawmakers take a problem they aren’t sure exists, apply a solution they don’t know will work and never determine the cost.
House Bill 4237 seeks to get around Congress’ limitation of a federal deduction that benefits high-tax states, but residents would be better served by efforts to directly reduce state and local taxes in Illinois.