How Did Illinois See An Increase In July Tax Collections During The Pandemic? 'July Was Not A Normal Month'CBS 2 Morning Insider Lauren Victory made some interesting finds in the state's revenue report released this week.
Legal Marijuana Sales Created $10.5 Million In Illinois Tax Revenue In JanuaryThose numbers put Illinois on pace to surpass the $28 million Gov. JB Pritzker's office estimated the state would collect in cannabis taxes by the end of the current fiscal year on June 30.
Mayors Blast Rauner's Proposed Cuts To Local Government FundingThe governor’s proposed budget would save approximately $600 million a year, by reducing the income tax revenue usually shared with municipal governments from 8 percent to 4 percent.
Mayors Call On Rauner To Rethink Plan To Cut Local Government RevenueMayors in the Chicago area were none-too-pleased when Gov. Bruce Rauner proposed cutting in half the amount of income tax revenue the state sends to municipal governments in Illinois, and they’re teaming up to let him know.
Quinn, Emanuel Still At Odds Over Pension ReformGov. Pat Quinn’s offer to give cities a bigger cut of income tax revenues to help with pension debts without raising property taxes met with a lukewarm reception from the Emanuel administration.
State Cracking Down On Gas Stations That Cheat On Sales TaxesFeeling hosed at the gas pump? So is the State of Illinois. Multiple agencies are finally starting to reap the rewards of a multi-year investigation targeting gas station owners who withhold sales tax revenue.
Mayor Upset City Taxpayers Had To Help Foot Bill For Stadium RenovationsMayor Rahm Emanuel is expressing concern after the city had to make up a $1.1 million dollar shortfall in tax revenue for renovations at U.S. Cellular Field and Soldier Field.
Illinois Tax Revenues On Par With ExpectationsThe state brought in about as much money as expected over the last fiscal year, thanks in part to personal and corporate income tax increases.