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“Can you think of any other interest group in town that gets 20 percent of the vote?”
The January report from Illinois Commission on Governmental Forecasting and Accountability says receipts from Illinois personal income, corporate income and sales taxes are “impressive and have exceeded expectations” for the fiscal year-to-date. They’ve grown 4.8%, 14.7% and 7.6%, respectively, compared to the same period last year. January, however, was badly off-trend for personal income and corporate income tax receipts. For the month, they dropped 14.3% and 11.1%, respectively, compared to last January. Those numbers may be distorted by changes in taxpayer timing resulting from the new federal tax law that went into effect last January. Let’s hope it’s not a
Comment: That $2.6 billion is for December and January. “The loss of revenue from New York’s wealthiest puts New York in a bind because the state relies on a progressive income tax system that taxes the rich at a higher rate,” says the article. Cuomo blamed it on loss of SALT deductions and the stock market, but also flight of wealthy taxpayers. Illinois income tax receipt have improved significantly this fiscal year, though they were off substantially in January.
One example of what government employees and Illinois taxpayers know to be endemic.
The Solis document, which is supposed to be confidential, was accidentally posted on a public website, which is how the Sun-Times got it. A judge ordered them not to publish it, but the Sun-Times has proceeded anyway to publish important parts of it.
Regardless of whether the Code technically applies, voting is going on now, and pertinent information is being withheld.
Comment: What justification does the Sun-Times have for dribbling out and withholding information contained in the explosive Solis affidavit, which only the Sun-Times has? Early voting started last week, and voters should know. See our article on this issue linked here.
“I was pulled aside by a reporter at City Hall who told me, ‘I just want to let you know as a courtesy that this alderman is putting you out there as the next shoe to drop in the federal investigation,’” said an alderman, who spoke on condition of anonymity. “Since I was made aware of that, other colleagues have said they’re aware of similar situations playing out, where aldermen are simply putting forward names of people they don’t like for one reason or another.”
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