As the May 31st legislative deadline looms, tax experts are making one more push to extend the state’s sales tax to services. The Center for Tax and Budget Accountability (CTBA) and the Taxpayers Federation released a report last week calling for Illinois to tax services the same way products are taxed. Illinois sales tax covers […]
tax
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What is Madigan planning for the income tax?
House Speaker Michael Madigan hoto BY PATRICK YEAGLE UPDATE: On Thursday afternoon, Madigan announced a plan to tax personal income over $1 million at an extra 3 percent, bringing the effective rate for people earning more than $1 million to 8 percent. Individuals with income under $1 million would continue to pay the current […]
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School district seeks to rebound from years of cuts
Outgoing interim superintendent Bob Leming received a gift from the Springfield school board at his final meeting on Jan. 7. Dr. Robert Hill has now replaced Leming as interim superintendent while the board negotiates with Jennifer Gill to take over the post full time. Springfield Public Schools could ask taxpayers for a boost soon, but […]
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Natural gas fracking is coming to Illinois
Illinois is poised to tap into a rich vein of money by allowing an oil and gas drilling method known as “fracking,” but environmental concerns and disagreement over state taxes are keeping that financial well plugged for now. Hydraulic fracturing of shale rock – called “fracking” for short – has been used since the 1940s […]
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Time to graduate?
Illinois grapples with another round of difficult budget cuts, some lawmakers want to eliminate the state’s constitutional flat-rate income tax requirement, opening the door for what some experts call a more equitable and lucrative graduated income tax. Illinois currently has a 5 percent individual income tax for all taxpayers, regardless of income. But a pair […]
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Ferreting out fraud
It’s a crucial time for Illinois in terms of the state budget, but investigators say the state is at a turning point in another respect: fighting Medicaid fraud. Gov. Pat Quinn announced a state budget last month that requires $2.7 billion in cuts to Medicaid. While lawmakers look at restricting eligibility and treatments to shave […]
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Springfield businesses say Illinois’ Amazon Tax not enough
It’s a battle already decided in Illinois, but the winners say they are still suffering. Now they’re preparing for a renewed fight in Washington, D.C. At issue is whether Internet retailers like Amazon.com, Inc. should have to collect state and local sales taxes. Illinois’ own “Amazon Tax” took effect in March 2011, but some Springfield […]
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PETA: Is there anything they won’t say?
As Illinois does the annual legislative dance this time of year, all sorts of ideas get tossed around, ranging from the austere to the ridiculous. Sen. Shane Cultra, a Republican from Onarga, tossed out an idea in the latter category this week when he said that parents of obese children should lose their tax deductions […]
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Parking war
Parking in Springfield is cheap. Visitors from Chicago sometimes joke that it’s cheaper to get a parking ticket here than to simply pay the meter in their city. But that could change with a proposed ordinance under consideration by the city council. On Jan. 25, the council considered a measure to double Springfield’s fine for […]
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State union accepts halved raises
The largest union of state employees has ratified an agreement with the State of Illinois for the state to save upwards of $50 million in exchange for a promise of no layoffs. The American Federation of State, County and Municipal Employees (AFSCME) Council 31 signed an agreement with Gov. Pat Quinn in November to implement […]
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Sangamon County sells off 109 tax-delinquent properties
An annual countywide property auction last week brought in $40,000 more this year than last, but county officials say the total could have been even more. On Aug. 11, Sangamon County held its yearly public auction of properties with delinquent taxes, selling off 109 properties and raising $95,275 in revenue for the county. Last year’s […]
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Third-party profile: Lex Green, Libertarian for governor
“I want to make it clear,” Lex Green says with wry inflection, “that Libertarians are not just another type of Republican. Democrats tell you they’re going to raise taxes and spend more; Republicans don’t even tell you.” Green is running for governor of Illinois on the Libertarian ticket, a fiscally conservative but socially liberal platform […]
