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Thursday, May 23, 2019
Op-Ed: State government's ongoing 'tax massacre'
Bonds, Bonding, Borrowing, Debt, Credit Rating
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Budget--State (8)
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Taxes, Graduated/Progressive
Another Illinois legislative session is winding down. So too is another
fiscal year when state lawmakers refuse to do the difficult work necessary to
right the state's fiscal ship.
With barely a week remaining until the May 31 deadline to pass a budget
through a simple majority, there's been no movement on addressing the
out-of-control spending that's driving Illinois' dire financial situation...
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Wednesday, May 22, 2019
Property tax relief becomes sticking point in Illinois' progressive tax debate
Governor (44)
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Taxes, Graduated/Progressive
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Taxes, property (87)
Zalewski, Michael--State House, 23
The amendment to ask voters to change the constitution’s flat income tax to
one with higher rates for higher earners passed a House committ...
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Wednesday, May 22, 2019
Rockford airport plans for expansion as officials oppose plans for third Chicago-area airport
Airports (4)
A $9 million dollar federal grant will help Rockford’s airport expand its
parking area for cargo jets.
Officials at the Chicago-Rockford International Airport hope it’s just the
first portion of up to $35 million in grant money from the U.S. Department of
Transportation. Plans call for a 15-acre expansion of the airport’s apron to
allow for more traffic.
“During...
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Wednesday, May 22, 2019
Illinois energy reform bills ‘on the back burner’ as session nears adjournment
Energy, Alternative Energy (93)
Castro, Christina -- State Senate, 22
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Cunningham, Bill--State House, 35
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Davis, William "Will"--State House, 30
SPRINGFIELD — As the General Assembly moves toward its May 31 adjournment
with issues such as a state budget, graduated income tax, and the legalization
of sports gambling and recreational marijuana still to be decided, an ambitious
package of energy market reforms will likely have to wait until the fall veto
session or later before moving forward.
The expected delay comes despite calls ...
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Wednesday, May 22, 2019
Former state Rep. Pritchard receives Service to Agriculture Award
Agriculture (2)
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Legislators (former) (58)
Pritchard, Robert--State House, 70
DEKALB — Former Illinois state Rep. Robert Pritchard recently received the Service to Agriculture Award from the Illinois Society of Professional Farm Managers and Rural Appraisers.
The award was given by accredited farm manager Eric Wilkinson, past president of the organization. The citation is the highest the Society presents to nonmembers and is awarded to individuals who have promoted and adv...
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Tuesday, May 21, 2019
Illinois progressive tax amendment one step away from ballot, but House votes still in question
Taxes, Graduated/Progressive
Carroll, Jonathan -- State House, 57
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Durkin, Jim--State House, 82
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Reitz, Nathan--State House, 116
Gov. J.B. Pritzker’s top priority, a constitutional change allowing for a
progressive income tax, has cleared the first hurdle in the Illinois State
House of Representat...
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Tuesday, May 21, 2019
Insurance tax proposal would tax every claim in Illinois
Insurance (53)
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Medicaid, Managed Care
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Taxes, misc. (89)
Durkin, Jim--State House, 82
House Republicans are on board with an insurance tax to generate hundreds of
millions of dollars that an insurance broker said will benefit the state as
long as the money is earmarked for Medicaid to capture matching federal
dollars.
Last week, House Republicans said there’s around $2.6 billion in new revenue
they would support for the upcoming budget that begins July 1. In addition to
r...
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Tuesday, May 21, 2019
Study finds Illinois workers’ compensation claims remain higher than most states
Workers' Compensation (97)
Hoffman, Jay--State House, 113
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Ugaste, Dan--State House, 65
Illinois has some of the highest workers’ compensation costs in the nation,
according to a study from the Workers’ Compensation Research Institute.
The Workers’ Compensation Research Institute < read more >
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Tuesday, May 21, 2019
Taxing Tuesday: No, Really, Surprise Money!
Bonds, Bonding, Borrowing, Debt, Credit Rating
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Budget--State (8)
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Revenue
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Taxes, income (86)
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Tuesday, May 21, 2019
Tyler Diers Illinois Chamber of Commerce
Business (10)
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Internet, Social Media (98)
Tyler takes on legislation concerning Internet privacy.
http://www.sportsradio1450.com/podcast-am-springfield/
...
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Tuesday, May 21, 2019
St. Clair County sheriff says legalized marijuana poses additional threats to drivers
Recreational Marijuana
St. Clair County Sheriff Rick Watson on Monday voiced his opposition to
proposed legislation that would make cannabis use legal in Illinois.
Watson said efforts to curb drunk driving and texting behind the wheel
already taxes his deputies....
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Tuesday, May 21, 2019
Gov. J.B. Pritzker's graduated income tax plan a step closer to 2020 ballot after House panel vote
Pritzker, J.B.
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Taxes, Graduated/Progressive
An Illinois House committee on Monday advanced a proposed state constitutional amendment to allow for a graduated-rate income tax, the cornerstone of Gov. J.B. Pritzker’s plan to stabilize the state’s chronically shaky finances. The proposed amendment was passed by the Senate on May 1 on a 40-19 straight party-line vote, exceeding the required three-fifths maj...
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Tuesday, May 21, 2019
Illinois' marijuana market could rival Colorado's in the coming years, report finds
Recreational Marijuana
The cannabis industry in the U.S. has long been centered around states like Colorado and Oregon, but now, marijuana sales in Illinois and its neighboring states east of the Mississippi River are poised to rival those out west. The U.S. cannabis market is heading for massive growth, with sales that are expected to reach $22.7 billion by 2023, including $16.8 billion in rec...
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Tuesday, May 21, 2019
Pritzker's gas tax: Well, it's not a soda tax so, good to go?
Budget--State (8)
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Pritzker, J.B.
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Taxes, misc. (89)
Nearly two years ago, voters in Cook County rebelled against taxation. It was a rare galvanization. Overtax our income, we’ll shrug. Overtax our property, we’ll acquiesce. But add 68 pennies to a bottle of soda and you’ve unleashed a “Game of Thrones”-style Battle of Winterfell, a thousand Arya Starks with dragonglass daggers and steely eyes....
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Tuesday, May 21, 2019
The Spin: What you need to know about Lori Lightfoot's first day as Chicago mayor
Bonds, Bonding, Borrowing, Debt, Credit Rating
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Chicago Mayor (16)
Between a rousing, deeply symbolic swearing-in ceremony this morning, and an afternoon open house at City Hall, Chicago’s newly-minted Mayor Lori Lightfoot got down to business Monday. She signed an executive order aimed at limiting so-called aldermanic privilege, which gives City Council members power over permitting and business and licensing in their wards. Wield...
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Tuesday, May 21, 2019
5 things you didn't know were in the Illinois weed bill Here are some of the unusual proposals in the fine print of the state's recreational cannabis legislation.
Recreational Marijuana
In any piece of legislation that’s more than 500 pages long, there are bound to be a few surprises. Here are five interesting facts from the
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Tuesday, May 21, 2019
Pritzker's graduated income tax clears key House panel
Legislature (56)
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Pritzker, J.B.
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Taxes, Graduated/Progressive
The House Revenue Committee has approved the current version of the bill and sent it to the House floor—but a companion bill to set higher tax rates on upper-income taxpayers is on hold. Greg Hinz On Politics. | |
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Tuesday, May 21, 2019
Illinois will be fine without any tax increases As legislative session winds down, the constitutional amendment debate heats up
Budget--State (8)
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Taxes, Graduated/Progressive
As the Illinois legislative session comes to a close, the majority party is struggling to bring forth its legislative agenda announced in the governor’s address in February. One proposal, the graduated income tax, has been getting a lot of airtime since the November election. In the next 2 weeks, House members will vote on whether to allow a constitutional amendment...
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Tuesday, May 21, 2019
Moody's: Illinois, New Jersey least prepared to weather next recession
Bonds, Bonding, Borrowing, Debt, Credit Rating
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Budget--State (8)
A report by the credit rating agency said Illinois and New Jersey lag the
res...
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Tuesday, May 21, 2019
Committee sends tax amendment to Illinois House floor
Taxes, Graduated/Progressive
On a party line vote, a House committee Monday sent the constitutional amendment to bring a graduated state income tax to Illinois to the full chamber for a vote. The amendment’s proponents, however, dodged questions from House Republican Leader Jim Durkin of Western Springs about whether there are 71 votes in the House to approve the amendment and place it on the N...
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Tuesday, May 21, 2019
Lawmakers should seek reasonable registration bump for electric vehicles
Legislature (56)
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Taxes, gasoline (88)
Most Illinoisans would likely agree that charging $1,000 to register a vehicle is an out-of-bounds government money grab. Can we also agree that everyone who drives on our highways should help pay for them? Sen. Martin Sandoval, D-Chicago, got his ears blown back last week after proposing a $1,000 registration fee for electric cars. The same bill included a $148 registrat...
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Monday, May 20, 2019
By the numbers: Average teacher salaries in Illinois rank 12th highest in nation
Education--Educators/Administrators
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Monday, May 20, 2019
Congressman Darin LaHood
Congress (22)
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Federal Government (22A)
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Marijuana, Medical, Recreational
U.S. Congressman Darin LaHood talks with Joey McLaughlin about trade tensions with China, trade tariffs on Canada and Mexico steel begin lifter, recreational marijuana and more.
https://wtax.com/podcasts/congressman-darin-lahood-10/
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Monday, May 20, 2019
Ethics package to include rights for those who file complaints, but not independent inspector
Ethics, Campaign Reform, Transparency (12a)
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Legislature (56)
Lang, Lou--State House, 16
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Madigan, Michael--State House, 22
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Stava-Murray, Anne--State House, 81
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Willis, Kathleen--State House, 77
A package to address how ethics complaints against state lawmakers are
handled at the Illinois statehouse is coming together, but it likely won't
include full independence for the legislative watchdog.
Denise Rotheimer, whose abuse of power complaint against a state Senator sat
unaddressed while the Legislative Inspector General’s office was vacant for
multiple years, has been pushing fo...
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Monday, May 20, 2019
Illinois auto dealers urge caution after proposed $1,000 registration fee for electric cars
Car dealers are concerned about a state senator's proposed fee hike for
electric vehicles.
House Bill 3233, introduced by state Sen. Martin Sandoval, D-Chicago, would
require electric vehicle owners to pay an annual registration fee of $1,000.
Sandoval said that the goal is to provide funding for roads, bridges and
transit systems.
Pete Sander, president of the Illinois Automob...
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