Illinois state government leaders say they will spend a record $38.5 billion and borrow an estimated $11.5 billion over the next year, according to a fiscal year 2019 budget plan approved by Gov. Bruce Rauner.
A proposed statewide 1 percent property tax would hit already over-burdened Illinois taxpayer and would only make their lives harder, the Republican candidate for the state House 98th District seat said during a recent interview.
House Speaker Michael Madigan (D-Chicago) would be barred from serving as chairman of Illinois' Democratic Party if a bill introduced by Rep. Margo McDermed (R-Mokena) becomes law, according to the Illinois Policy Institute.
While every state around it continues to grow in population and prosperity, Illinois keeps shrinking under the strain of higher taxes and more regulations, Michael Lucci, vice president of policy for the Illinois Policy Institute, said in an article on the institute's website.
The south suburbs of Chicago are the ideal place for business growth, but no one wants to move there because the property taxes will keep them before they can get established, Rep. Mark Batinick (R-Plainfield) argued in a House panel debate on Friday.
Illinois’ average personal income growth since the Great Recession is tied with Nevada for the worst in the country, according to data from Pew Charitable Trusts recently published on the Illinois Policy Institute website.
Gov. Bruce Rauner's speech Tuesday night on unity and the importance of passing a state budget stressed a sentiment of urgency Rep. Mark Batinick (R-Plainfield) says the General Assembly should have been feeling all along.
The chances that Illinois will reach a budget before May 31 and avoid seeing its bond rating lowered to the worst of any state in history are 50-50 at best, according to Mark Glennon, founder of the business and government website WirePoints told the Sangamon Sun recently.