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IlliniGuys Sports Spectacular (Weekend of March 1, 2025) Heartland Newsfeed
SPRINGFIELD (The Center Square) – In 2023, Illinois drivers will see higher gasoline taxes, with two gas tax increases scheduled six months apart. The first goes into effect on January 1 and will add 3.1 cents to the price of a gallon of gas. That will spike the state's gas tax to more than 42 cents a gallon. Illinois also assesses its state sales tax on top of gas taxes and the normal price of gas, which makes the amount Illinois […]
SPRINGFIELD (The Center Square) -- Illinois is unlikely to join the list of states that offer a “back-to-school” sales tax holiday. Sales tax holidays are periods when specific goods are exempted from state, and sometimes local, sales taxes. Many states schedule the events for August when “back-to-school” shopping largely takes place. Illinois held a one-time sales tax holiday back in 2010, but Rob Karr, president of the Illinois Retail Merchants Association, said it didn’t provide the boost some expected. “It […]
DECATUR (Heartland Newsfeed/Illinois Policy Institute) -- As its population and tax base erode, the city of Decatur passed a budget for fiscal year 2018 more than $3 million in the red. The Decatur City Council passed a budget more than $3 million out of balance Dec. 4, citing growing costs and declining revenues. The shortfall is a combination of deficit costs and a decline in multiple revenue streams – including revenue from sales taxes, cables taxes and hotel taxes, which […]
CHICAGO (Illinois News Network) -- With an entire year until the 2018 election for Illinois governor, instituting a progressive tax is already emerging as a battleground topic in the race. In one of his newest campaign ads, Democratic gubernatorial candidate J.B. Pritzker highlights the benefits of taxing people who make more at a higher rate than those who don’t. “As governor, I’ll fight to pass a progressive income tax,” he says in the ad. “It will make the wealthy pay more, […]
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