Even before budget hearings began, some aldermen said they were worried that a proposed 75-cent-per-pack increase in cigarette taxes would drive consumers to Indiana and the suburbs, where the taxes are lower.
Chicago’s cable television customers will see a modest increase in their monthly bills, thanks to a modified amusement tax exemption tied to Mayor Rahm Emanuel’s 2014 budget.
Cook County Board President Toni Preckwinkle said the projected $25 million in new annual revenue from the tax increase will go to the county’s hospitals and health centers, which treat more than 300 lung cancer patients each year.
County Board President Toni Preckwinkle said Tuesday that she’s not simply trying to raise revenue by seeking a $1-per-pack cigarette tax hike, she’s trying to save lives.
Chicago smokers could face even higher cigarette taxes as Mayor Rahm Emanuel tries to balance his proposed 2013 budget.
Illinois smokers are bracing for a $1-per-pack increase on cigarette taxes that takes effect Sunday, with many trying to stock up and others vowing to kick the habit.
Gov. Pat Quinn has signed a bill to help the state’s struggling Medicaid program, but critics are convinced the budget solution will do more harm than good.
Illinois lawmakers have approved a $1 per pack cigarette tax increase to help fill a gaping Medicaid budget hole, and the governor has indicated he’ll sign it quickly when it reaches his desk.
Illinois keeps falling farther behind on its debt, and Comptroller Judy Baar Topinka says it’s even worse than it appears.
Hang onto to your wallets: The Cook County Board has passed a new budget, and, it’s going to cost you.
Mayor Rahm Emanuel is reaffirming his opposition to raising taxes to close the City of Chicago’s $635.7 million budget shortfall.
U.S. Sen. Dick Durbin (D-Ill.) says he is concerned that many large companies have threatened to leave his home state due to higher taxes, but he says Illinois lawmakers had to take action to pay the state’s vendors.
In north suburban Northbrook, voters have rejected a tax hike that would have helped close a $1 million budget hole.
A former Illinois state lawmaker has withdrawn her name from a post on the state parole board, amid criticism that she was appointed to the job shortly after voting for Gov. Pat Quinn’s income tax hike.
While many of his fellow Republicans are denouncing the hastily-passed Illinois state income tax increase, former governor Jim Edgar supports it.
New Jersey Gov. Chris Christie’s administration is casting lures to Illinois businesses that may be soured on the Land of Lincoln, which raised income tax rates recently to offset a massive state budget deficit.
They’re out there, but they’re not very loud – people who actually think Illinois lawmakers are doing the right thing by raising income taxes.
The state’s lieutenant governor contacts firms here, saying they would get better treatment if they moved north to Cheeseland.
Mayor Richard M. Daley has suggested the business tax hike approved by Gov. Pat Quinn could backfire.
The state’s 66 percent income tax hike has irked a number of people, including former Gov. Rod Blagojevich.