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Taxes
PI Original
by Angela Caputo
1:21pm
Thu Oct 22, 2009
2 comments

A Glimmer Of Hope: The TIF Debate Hits The Chicago Airwaves

Manny Flores

During Mayor Daley's budget address yesterday, we listened closely to see if he would make any mention of Chicago's other budget: the $1 billion in taxpayer dollars currently sitting in off-the-books tax increment financing (TIF) accounts. To no one's surprise, the mayor ...

PI Original
by Angela Caputo
4:26pm
Wed Oct 21, 2009

A Question For Mayor Daley: Why So Quiet About TIF?

Tax Increment Financing

As Mayor Daley unveiled his latest budget today, the big news
surrounded his proposal to pull $370 million from the reserve fund
created by Chicago's parking meter lease to help balance next year's
$6.14 billion budget.  But as we listened to him address the City
Council ...

PI Original
by Adam Doster
1:50pm
Wed Oct 21, 2009

New Poll Reinforces The Need For Political Courage In Springfield

State Legislature

The folks at the Paul Simon Public Policy Institute have had a busy week. After unveiling Monday
an interesting statewide poll on campaign finance reform, the
organization turned its attention today to their findings on the state
budget. For proponents of tax reform, the ...

PI Original
by Adam Doster
2:00pm
Tue Oct 20, 2009
3 comments

IL-GOV: New Report Details Major Flaw In Hynes Tax Plan

Dan Hynes

Though you wouldn't know it from their recent back-and-forth on the
airwaves, when it comes to the need for fundamental tax reform in
Illinois, Gov. Pat Quinn and Democratic gubernatorial challenger Dan
Hynes actually agree more than they disagree. Both understand that ...

PI Original
by Adam Doster
11:00am
Mon Oct 19, 2009
1 comment

MAP Grant Solution Reached, Larger Questions Remain

Sun-Times

Half of the 2009 fall veto session is now on the books and one
legislative priority lawmakers identified before they trekked down to
Springfield -- funding for the Monetary Awards Program (MAP) -- has
been partially resolved. Yesterday, Gov. Pat Quinn signed a law
that ...

PI Original
by Josh Kalven
11:01am
Fri Oct 16, 2009
4 comments

Progress Illinois On WTTW

Taxes

As we noted in our daily email digest yesterday afternoon (which you can subscribe to here), I appeared on WTTW last night where I discussed the state budget with the Illinois Policy Institute's John Tillman and Sheila Weinberg of the Institute for Truth in Accounting. As you'...

PI Original
by Angela Caputo
1:59pm
Thu Oct 15, 2009

More Evidence Of Illinois' Revenue Crisis

State budget

Illinois' budget news just keeps getting worse. After briefing
legislative leaders on the state's finances, budget director David
Vaugh told the AP
yesterday that an $850 million drop in income tax revenues, coupled
with a $50 million hit to gaming revenues, means the ...

PI Original
by Josh Kalven
11:37am
Thu Oct 15, 2009

IL-GOV: What The Tax Debate Is Really About

Dan Hynes

With gubernatorial challenger Dan Hynes releasing his second negative ad against Gov. Pat Quinn yesterday, the contours of the looming debate between these two candidates is becoming clear.  Watch his latest spot:

As he has done in both his ads...

PI Original
by Adam Doster
11:01am
Wed Oct 14, 2009
1 comment

Illinois Tax Receipts By The Numbers

Taxes

If you need to renew your driver's license, it just got a little bit more expensive. This week, Illinois tripled
the license renewal fee from $10 to $30, the first increase since 1983.
By January, the cost of acquiring an annual registration sticker and
correcting car ...