Illinois' new budget, which is now headed to the governor's desk waiting to be signed, includes a measure that would give families in the state a "child tax credit." The measure, which was approved as part of the budget from both the Senate and the...
The Illinois House passed a $53.1 billion state budget early Wednesday morning, approving a plan that is $400 million more than Gov. J.B. Pritzker proposed in February and raises taxes and makes other tax code changes to generate $1.2 billion to fund it. NBC Chicago’s ...
June 3, 2024 KPMG This Week in State Tax—produced weekly by the KPMG State and Local Tax practice—focuses on recent state and local tax developments. Illinois: The fiscal year 2025 budget revenue bill, which has been or soon will be presented to the governor, makes numerous tax changes...
…Illinois’s public pension payments already consume nearly a third of the state budget, yet the unfunded liability—which the state currently pegs at $137 billion, though others put the figure much higher—continues to rise. …Since 2000, Illinois has increased pension spending by more than ...
The state’s funding proposal will be part of the governor's upcoming fiscal year 2025 budget proposal to the general assembly. GET FOX BUSINESS ON THE GO BY CLICKING HERE Meanwhile, Cook County, the most populous county in the state located in the upper northeastern section of Illinois, has...
You know, let's not focus on why Illinois is the worst state to be poor in. How about we try to find ways to make living more enjoyable for those who are on a tight budget? There are so many ways we can save a little and have a ton of fun in Illinois. Fromadventure parks, to...
There are over 500 new laws that take effect on January 1, 2024, in the state of Illinois. Here are some of the things that will be banned next year.
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There are over 500 new laws that take effect on January 1, 2024, in the state of Illinois. Here are some of the things that will be banned next year.
* The Illinois General Assembly’s Commission on Government Forecasting and Accountability is out with a newreportentitled “2024 Illinois’ National Rankings - A State-by-State Comparison of Tax Rates, Tax Revenues, Government Spending, and Employment Trends.” Let’s take a quick look at the ...