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Recent Articles  - 82 articles found

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  • Thursday, May 23, 2019
    Op-Ed: State government's ongoing 'tax massacre'
    Bonds, Bonding, Borrowing, Debt, Credit Rating , Budget--State (8) , 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...   read more >

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  • Wednesday, May 22, 2019
    Property tax relief becomes sticking point in Illinois' progressive tax debate
    Governor (44) , Taxes, Graduated/Progressive , 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...   read more >

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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...   read more >

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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 , Cunningham, Bill--State House, 35 , 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 ...   read more >

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  • Wednesday, May 22, 2019
    Former state Rep. Pritchard receives Service to Agriculture Award
    Agriculture (2) , 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...   read more >
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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 , Durkin, Jim--State House, 82 , 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...   read more >

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  • Tuesday, May 21, 2019
    Insurance tax proposal would tax every claim in Illinois
    Insurance (53) , Medicaid, Managed Care , 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...   read more >

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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 , 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 , Budget--State (8) , Revenue , Taxes, income (86)
    States That Struggled to Forecast SALT Changes See an April Tax Boon

    States are enjoying windfalls after struggling to predict how President Donald Trump’s federal tax law changes would ripple t...   read more >

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  • Tuesday, May 21, 2019
    Tyler Diers Illinois Chamber of Commerce
    Business (10) , Internet, Social Media (98)
    Tyler takes on legislation concerning Internet privacy. http://www.sportsradio1450.com/podcast-am-springfield/ ...   read more >
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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....   read more >

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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. , 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...   read more >

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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...   read more >

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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) , Pritzker, J.B. , 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....   read more >

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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 , 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...   read more >

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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   read more >

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  • Tuesday, May 21, 2019
    Pritzker's graduated income tax clears key House panel
    Legislature (56) , Pritzker, J.B. , 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.

    read more >
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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) , 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...   read more >

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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 , Budget--State (8)

    A report by the credit rating agency said Illinois and New Jersey lag the res...   read more >

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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...   read more >

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  • Tuesday, May 21, 2019
    Lawmakers should seek reasonable registration bump for electric vehicles
    Legislature (56) , 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...   read more >

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  • Monday, May 20, 2019
    By the numbers: Average teacher salaries in Illinois rank 12th highest in nation
    Education--Educators/Administrators
    The average Illinois teacher’s 2018-19 salary is estimated to be $66,600, the 12th highest in the nation, according to annual rankings and estimates recently released by the National Education Association (NEA).

    In current dollars, average teacher salaries in the state rose 6.2 percent between 2009-10 and the current school year, the N...   read more >

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  • Monday, May 20, 2019
    Congressman Darin LaHood
    Congress (22) , Federal Government (22A) , 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/ ...   read more >
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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) , Legislature (56) Lang, Lou--State House, 16 , Madigan, Michael--State House, 22 , Stava-Murray, Anne--State House, 81 , 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...   read more >

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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...   read more >

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