illinois policy institute

Attorneys review Chicago Teachers Union audits following congressional request (via The Center Square) – The Chicago Teachers Union says it has #ctu #teachers #audits

The alternative budget also includes a roughly $1 billion sweep of tax-increment-financing dollars to Chicago Public Schools. #chicago #budget #thecentersquare

The Illinois Policy Institute found that state government spending on higher education in Illinois increased over $2 billion as enrollment dropped by more than 106,000 students between 2009 and 2024. #colleges

The tax rate went up to 8.65% on July 1 with the start of the new fiscal year. #taxes

McLaughlin said it’s not just smaller cities in Illinois seeing people leave, Chicago also lost more than 27,000 residents in 2024 compared to April 2020 levels. #population

Revenue generated from motor fuel taxes is primarily dedicated to funding transportation-related infrastructure, but Ravi Mishra, policy analyst with the Illinois Policy Institute, said Illinoisans are not getting their money’s worth. #gas

Higher fees hurt Illinois residents who are already facing some of the highest property taxes in the nation, according to Hill. #gastax #grocerytax

In March, Illinois generated $135 million from legal cannabis sales as the state implemented a tax rate of 25% of the purchase price of marijuana. In 2022, Illinois generated $445 million in tax revenue from legal cannabis sales.