Illinois Policy Institute
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Illinois Policy Institute News
It’s no secret there’s a lot wrong with Illinois. Abraham Lincoln’s birthday, Feb. 12, is an annual reminder of how far the state has drifted away from the virtues of its most illustrious lawmaker.
Every relationship comes with some sacrifices. But for an alarming number of Illinoisans, they're opting instead to sacrifice their state IDs.
Some Madison County townships could see their costs go up, which could drive up property taxes.
Policy failures have resulted in a steady stream of income flowing to neighboring states.
Illinois’ failure to keep and attract residents is driving the Land of Lincoln’s population decline.
For most Illinois homeowners, it’s become painfully obvious that they pay some of the highest property taxes in the country. But a couple of new studies could lead some to believe the burden might not be that bad, and might even be getting better.
Illinois lawmakers passed hundreds of bills in 2017, but enacted no real reforms to boost the state’s economy, rein in the cost of government or provide relief to taxpayers.
More than 200 new laws will take effect in Illinois on Jan. 1, including one that restricts part-time office holders, whether elected or appointed, from participating in or receiving benefits from the Illinois Municipal Retirement Fund (IMRF).
Belleville residents had the opportunity to sound off at a public hearing regarding a proposed 11.98 percent increase in the city’s property tax levy.
Illinois’ exodus of people and money is the state’s most pressing policy problem. Until lawmakers get serious about addressing its causes, there’s little reason to think the trend will change.
Illinois’ tepid jobs growth has come disproportionately in the Chicago area.
The biggest obstacle Illinoisans face in Springfield remains the same: an all-powerful House speaker, and members of both parties who are all too eager to kowtow.
The Land of Lincoln received the lowest possible grade in budget forecasting and legacy costs.
Illinoisans saw more than 30 percent of their income go to income taxes and property taxes from March 2015 to March 2016 – a higher share than residents of every bordering state.
The straw that broke the camel's back.
While borrowing to help pay down the state’s unpaid bill backlog will save money on interest payments and relieve pressure on those waiting for cash, it also perpetuates Illinois’ spending problem.
House Bill 3004 would have put banks and bondholders ahead of taxpayers and those who rely on government services. But Gov. Bruce Rauner’s amendatory veto strips the bill of those bailout provisions.
Since 2006, Chicago Public Schools has been deprived of $2.5 billion in property tax revenue that has been diverted to Chicago TIF districts.
After threatening thousands of job cuts, President Preckwinkle agrees to a lucrative contract with one of Cook County’s unions.