Facing a nearly $4 billion budget hole, Gov. J.B. Pritzker on Tuesday outlined millions in cuts that he called a “first step” toward balancing the state’s budget.
Taxes
COVID-19 in Illinois: 7,359 New Cases, 117 Additional Deaths
Dec 14, 2020 |
Mag Mile landlords dodge a new tax aimed at revitalizing the shopping strip following this summer’s unrest. Crain’s Chicago Business reporter Danny Ecker has details on this story and more.
Dec 14, 2020 |
Alds. Brendan Reilly (42nd Ward) and Brian Hopkins (2nd Ward) said the effort to create the new taxing district to fund security, attract businesses and spruce up the streets and sidewalks was pushed through too quickly and should not move forward.
Dec 9, 2020 |
With the failure last month of Gov. J.B. Pritzker’s graduated income tax amendment, Illinois House Speaker Michael Madigan floats an income tax hike while making his pitch to the Black Caucus.
Nov 24, 2020 |
The budget passed despite opposition from two main groups of aldermen: those who represent wards where a property tax hike of $93.9 million will hit hardest and aldermen who favored deep cuts to the police budget.
Nov 24, 2020 |
Throughout the pandemic, nature has proved its worth as an outlet and resource, benefiting people’s physical, emotional and mental well-being. Now the question is, will people return the favor?
Nov 23, 2020 |
Ahead of Tuesday’s vote, Mayor Lori Lightfoot is urging aldermen to support the plan she crafted to close a $1.2 billion budget deficit in 2021. Four aldermen sound off the plan.
Nov 19, 2020 |
The Chicago City Council is poised to approve Mayor Lori Lightfoot’s $12.8 billion spending plan for 2021 after the plan advanced on Thursday with a 26-8 vote of the Budget and Government Operations Committee.
Nov 18, 2020 |
The City Council’s Finance Committee advanced Mayor Lori Lightfoot’s $12.8 billion spending plan to the full City Council on a 21-12 vote Wednesday.
Nov 17, 2020 |
Aldermen from across the political spectrum pressured Mayor Lori Lightfoot’s budget team on Tuesday to come up with a proposal to head off a $93.9 million property tax hike.
Nov 10, 2020 |
A proposal from the Chicago Federation of Labor that union officials contend could save the city of Chicago between $195 million and $272 million will not avert a property tax hike and layoffs in 2021, Mayor Lori Lightfoot’s office said Tuesday.
Nov 4, 2020 |
The defeat of a constitutional amendment to overhaul how Illinois taxes income will mean painful cuts and will not avert tax increases, Gov. J.B. Pritzker said Wednesday.
Nov 4, 2020 |
In a blow to Gov. J.B. Pritzker and to his hopes of injecting billions of dollars more revenue into the state budget, Illinois voters on Tuesday rejected a constitutional amendment to overhaul how the state taxes income.
Nov 2, 2020 |
The property tax bill for retail space at Trump Tower has doubled to a million dollars. Crain’s Chicago Business reporter Danny Ecker joins us with that story and more.
Oct 30, 2020 |
Aldermen urged city transportation officials on Friday to help them repave more Chicago streets, spotlighting a perennial gripe about potholes and rough rides during a budget season like no other.
Oct 29, 2020 |
Mayor Lori Lightfoot’s $12.76 billion spending plan for 2021 fails to craft a “compassionate, bold” solution to the long-standing inequities that plague Chicago, according to the City Council’s Progressive Caucus.
