Despite IRS warning, Illinois lawmakers vote for tax deduction workaround – INN
May 24, 2018
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Chicago’s population drops 3rd year in a row, US Census Bureau says – A.P.
May 24, 2018
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Richard Uihlein & Trump: Republican Donor Shakes Up Politics – National Review
May 24, 2018
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Dick Uihlein.
In a shrinking state, Census sheds light on struggling cities – IL Policy
May 24, 2018
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Illinois ending state stickers for rafts, canoes, tubes – INN
May 24, 2018
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Yeah! Small, but we’ll take it.
The Illinois Taxes No One Wants to Talk About – Chicago Magazine
May 24, 2018
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A tax on retirement income and an expanded sales tax.
Odds rising for Springfield budget deal – Crain’s
May 24, 2018
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Greg Hinz: “Sources in both parties and both chambers, and a source close to Rauner, all tell me the same thing: Real progress has been made by negotiators from the four caucuses, known as ‘budgeteers.’ That progress has been affirmed by relatively tranquil if incomplete negotiations between the four legislative leaders and Rauner.”
An ‘exciting day’ for taxpayers in Chicago? – Truth in Accounting
May 24, 2018
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Chicago’s new fiscal impact requirement can help rationalize significant future financial decisions for the city of Chicago. However, the process has the potential for being a tool of deception, and it will require critical and external independent scrutiny in the years ahead.
Chicago’s CFO plots city deals with an eye on rising rates – The Bond Buyer
May 24, 2018
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22 Illinois school districts sue state, governor over funding shortfall – Herald & Review
May 24, 2018
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The full complaint in this lawsuit demanding an immediate $7.2 billion is linked in the article. See our own article on this linked here.
IRS puts states, taxpayers on notice over SALT workaround plans – IL Watchdog
May 24, 2018
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Illinois cities could lose broad home-rule taxing powers as state population declines – INN
May 24, 2018
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Some Illinois towns could lose broad home rule taxing authority as the state’s population continues to decline, a possibility that could ease local taxes and further squeeze municipal budgets.
U.S. Census numbers released Thursday show the population of Freeport, Collinsville and Harvey fell below 25,000. That’s the threshold for automatic home-rule status.
Inspector General: End Public School Perk For Chicago’s Wealthiest – WBEZ
May 24, 2018
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The Raucous Scene At Chicago’s City Council Wednesday – WBEZ
May 24, 2018
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It was a raucous scene at Chicago’s City Council Wednesday, when aldermen greenlighted plans for the Obama Presidential Center on the South Side but delayed a vote on almost everything else on their agenda before abruptly ending their monthly meeting.
From What Planet Is IL School Superintendent? Wants Another $7.2 Billion In Upcoming Budget – Wirepoints Original
May 24, 2018
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REPOSTED DUE TO RECENT EVENTS. Twenty-two school superintendents have filed a lawsuit against the state. Their demand is identical to the State Superintendent’s budget request earlier this year.
Illinois K-12 Superintendent Tony Smith says he wants $7.2 billion more in funding right now – not over ten years. His demand reveals the complete disconnect between Illinois’ education bureaucracy and the real world.
No, Rush Limbaugh, that 1% statewide property tax in Illinois hasn’t happened – Quicktake
May 24, 2018
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Rush Limbaugh has an article posted today saying the Federal Reserve in Chicago is instituting that new statewide property tax. Uh-uh.