Madigan had to pass budget to find out what’s in it

Recalling Illinois’ past record, everyone must know that Madigan and company’s new budget will not solve the state’s financial crisis. Springfield will continue to spend the additional $5 billion a year, just as they squandered most of the $32 billion extra tax dollars collected during the last temporary income tax hike. Madigan’s budget permanently increases the income tax rate to 4.95% from 3.75% and corporate income tax increases to 7% from 5.25%. No, the personal income tax increase is not 1.2% as some local proponents suggest; it’s a...

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Higher taxes will again prove futile in resolving state fiscal crisis

The League of Women Voters in a recent op-ed demanded passage of the proposed increase in Illinois income taxes by over $5B annually; broadening the sales tax to include services; the LWV conventioneers didn’t agree with freezing local property taxes but were in favor of levying a state income tax on senior’s retirement income. The Civic Committee of the Commercial Club of Chicago also envisions raising individual and corporate tax rates and extending the individual income tax to retirement income, just as Illinois Senate President Cullerton,...

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County sets priority for law enforcement despite deficits

Two representatives of SAFE – Secure Active Family Environment – Joe Castrogiovanni and Mike Tulley, in a Public Safety Op-ed last Sunday accused the Winnebago County board and administration of diverting $1.1M dollars of the Public Safety Sales Tax – PSST – using the money for purposes other than public safety based on evidence “found” by Sheriff Caruana’s in the first year of his term. The sheriff has also alleged that the county has cut the sheriff’s budget for the past 15 years, yet the sheriff’s budget has increased...

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Rockford’s proposed Property Tax Refund Program could cause tax rates to rise

Initially, the Rockford Homebuyer’s Property Tax Refund Program appears to be a well-intentioned proposal to eliminate some of the blight in the city and to revitalize home values. The program gives property tax refunds for three years to those who build single-family homes, or buy foreclosed or “short-sale” homes as their primary residence, anywhere within the City of Rockford, if the homes are under contract by the end of the year. After the property owners, who purchase a qualifying home, pay their normal property taxes, the city will...

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Boone County Board destroys future credibility

If there was ever an action taken by an elected body that eliminated any lingering trust in elected official’s credibility, look no further than the Boone County Board majority. In order to aid the passage of a 1999 referendum for construction bonds to fund a $9.3 million dollar jail expansion, members of the Boone County Board and bond proponents promised voters, and added a clause in a 2011 ordinance, that pledged when the bonds were retired in 2018, the one-half cent sales tax would be repealed – a sunset clause. In March, 2015, the Boone...

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