Illinois issued more than $60 million in EDGE tax credits to Takeda Pharmaceuticals from 2003 to 2013, more than any other company received over that time.
Illinois Policy Institute News
According to a new report by Moody’s Investors Service, Illinois’ unfunded pension liabilities equaled 601 percent of state revenues in 2017, a U.S. record.
Illinois experienced its sixth consecutive month of jobs growth in July, yet continues to trail the pace of growth in the rest of the nation for 2018.
David v Goliath type race playing out in 113th District; Hoffman has close to $1 million, but Jameson has thousands of contacts
Republican candidate for state representative Doug Jameson hopes to pull an upset in November over long time incumbent, Democrat Jay Hoffman of Belleville.
Less than 50 cents of every additional property tax dollar over the last 20 years went to pay for services that raise home values. Instead, the primary driver of the rise in property taxes was pension costs.
The method by which local governments calculate Illinoisans’ property tax bills is broken. Here’s how Springfield can fix it.
Illinois industry shoulders the burden of the highest workers’ compensation costs in the region. But what many Illinoisans paying some of the nation’s highest property taxes may not realize is that they’re picking up the tab for those costs, too.
Avenues for state oversight for cities with financial difficulties have limited utility in the face of massive pension debt and have almost never been invoked since Springfield passed them into law in 1990.
Alton residents are paying for two overlapping units of government – the city of Alton and Alton Township. But voters will soon have the chance to slash costs by dissolving the city’s redundant township.
When it comes to political graft, paying people under the table isn’t too complicated – as long as you have some blurred lines to hide in.
As national jobs growth kept up a steady clip, Illinois saw jobs growth dip after lawmakers passed a historic tax hike.
Severely underwater public safety pensions have already derailed the finances of other municipalities, such as Harvey and North Chicago.
In a 5-4 ruling on June 27, the U.S. Supreme Court declared forced union fees violate the First Amendment rights of government workers.
En route to Rauner’s desk: Victories for licensing reform, regulatory rollback and axing golden parachutes
Nearly 600 bills are on their way to the governor, some of which would be encouraging changes to the status quo.
Illinois’ jobs situation improved in May, but the state needs long-term solutions such as a spending cap to get on a path to fiscal health and assure investors more tax hikes are not on the horizon.
As Illinois struggles to address its people problem, population loss has plagued communities across the Land of Lincoln. But the shrinkage in some areas has been more severe than others.
A few brave souls have come forward with their stories about the behavior under Madigan’s dome. But how many still feel powerless?
Illinois has more units of local government than any other state in the country, many of which are duplicative and overlapping. In Belleville, where the majority of the city’s school districts cover fewer students than the state average, consolidation efforts could boost efficiency while saving taxpayer dollars.
A progressive income tax resolution passed in the State House on Tuesday 61-52, mostly along party lines.