Illinois credit quality could improve with graduated tax rates -Moody’s – Reuters
Comment: You will never see a bond rating agency say they don’t like the idea of a tax increase.
Comment: You will never see a bond rating agency say they don’t like the idea of a tax increase.
The administration said today it’s withdrawing the nominations of Julie Hamos and Michael Gelder to the board, which decides the fate of health care projects in the state.
Hamos and Gelder were among the three members who voted on April 30 to hear Pipeline Health’s application to close Westlake Hospital, which it bought earlier this year, despite the 230-bed facility being the subject of pending litigation. According to the board’s rules, it “will defer consideration” of an application until all related litigation is complete.
A 532-page proposal to legalize adult-use cannabis in Illinois by Jan. 1, 2020 was filed in the state Senate Monday, but House Speaker Mike Madigan said its passage is “not guaranteed today.”
Lawmakers using the Center for Tax and Budget Accountability to convince constituents how great a progressive tax could be for Illinois are doing a disservice. Here are the straight tax facts.
llinois State Treasurer Michael Frerichs wants to help those struggling with student loan debt. And unfortunately, he wants to do it with state taxpayer money.
Census data shows state lost 100,000 residents in 8 years; property taxes to blame
Despite Emanuel’s opposition, local rep Kelly enlists Madigan and other allies in a bid to get Pritzker to approve $150 million for needed roads as part of a new state capital bill.
Illinois has 1,428 of them — a big reason we lead the nation in number of taxing bodies.
Presented without comment.
This city may be good at making real estate out of nothing, but until it finds a way to make money out of nothing, its elected leaders should proceed with caution on an idea to finance part of an audacious South Loop development.
Warren Buffett says he wouldn’t relocate a business to a state like Illinois. He doesn’t want to get stuck paying for its pension crisis. His concerns are actually an understatement considering just how bad Illinois’ crisis is.

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