11.11.10
The Civic Federation's legislative priorities for 2011 include public pension reform, requiring state government to develop and implement a capital improvement plan, the dissolving of the Illinois...
Library
10.21.10
A recent poll of Illinois voters might help explain why elected officials have been reluctant to make difficult decisions to solve the State of Illinois’ fiscal crisis.
The poll , by the...
08.19.10
It’s no secret that the financially troubled State of Illinois owes billions of dollars in unpaid bills. What is not as widely known is that the State also owes $730 million in corporate income tax refunds, according to the Illinois Department of Revenue.
Unlike unpaid bills,...
08.04.10
A tax increment financing (TIF) transparency bill ( Public Act 096-1335 ) passed by the Illinois legislature in May and signed into law by Governor Pat Quinn on July 27 includes a number of long-standing...
07.22.10
Despite a $2 billion drop in the State’s annual revenues in FY2010 , the General Assembly passed Governor Pat Quinn's proposal to provide a back-to-school...
07.07.10
The Illinois Department of Revenue has announced that the tentative equalization factor for the Cook County 2009 property assessment year (taxes payable in late 2010) is 3.1062 . The final...
06.17.10
The State of Illinois is not the only cash-strapped state that shied away from major tax increases to improve its financial condition in FY2011. According to Stateline.org , most states avoided raising significant revenue...