The coronavirus could have a devastating impact on the State of Illinois’ tax revenues, according to the first official State report that attempts to quantify the fiscal fallout from the crisis. The…
Throughout the United States there is a…
As Illinois voters head to the polls for next week’s Presidential primary, this blog post looks at another major choice that will be on the general election ballot in November: whether to replace the State’s flat-rate income tax with a…
Illinois Governor JB Pritzker’s second budget proposal avoids many of the pitfalls of his…
More than 50 years after Illinois began taxing residents’ income, voters in 2020 will decide whether the structure of the income tax should undergo a major change. The issue is highly controversial, and the decision will have a long-…
Annually the Civic Federation releases a report on consumer taxes in the City of Chicago. Consumer taxes are tied to the use or consumption of certain goods and services that can be charged directly to consumers through retail transactions…
A recent report shows that Illinois’ statutorily required contributions to its five pension funds are expected to total $9.8 billion in the upcoming…
