Business groups are complaining to lawmakers about taxes in Illinois.The first in a series of hearings on the state's tax structure was held Tuesday in Chicago.Senate President John Cullerton and House Speaker Michael Madigan called for the hearings after major companies, including Caterpillar and t
In Chicago’s run off election on April 5 some ten Cook County communities will ask voters to weigh in on a proposed tax increase. The ballot referendum includes an estimate of the impact the hike would have on homeowner’s tax bill.But some say the figures are a gross under-estimate.
A possible income-tax hike in Illinois may have some taxpayers grumbling, but bond investors say it’s a good step. California is in terrible financial shape, but the bond-rating agency Moody’s says we are even worse. It rates Illinois bonds the lowest in the country.