tax

Krishnamoorthi said Affordable Care Act premiums would double if Congress doesn’t act. #senate #taxcredits

Before the board voted, Chicago Public Schools Acting Chief Financial Officer Wally Stock said CPS ended fiscal year 2025 with a negative cash flow of $339 million, or $485 million worse than fiscal year 2024. #taxes #cps

The mayor repeated his opposition to a debt collection measure in the council-approved budget, which allows the city to sell city debt to private collectors. #budget #chicago

City officials presented a compelling, data-driven argument, revealing that the exemption application was not only incomplete but also misleading, failing to meet the stringent legal standards required by Illinois law. #tax #protection #zion

Commissioner Steele encouraged residents to take advantage of the additional time and in-person support. #appeals #assistance #tax

Bhatt said taxpayers who are seeing and hearing about the no tax on tips at the federal level might not think about having to actually add those back into their state return. #taxtips #rule

Board members said the delays spurred their decision to expand the appeal period so more taxpayers could seek relief. Appeals filed during this reopened session will affect 2026 tax bills. #appeals #propertytax

U.S. Sen. Tammy Duckworth highlighted Jan’s story on social media, showing how ACA tax credits help her afford a $580-a-month medical implant. #taxcredits #aca

Officials warn that the delays could lead to continued strain on county employees and may affect next year’s tax cycle if not addressed. #tax #delays

The results come as city officials and alderpersons continue to debate budget priorities, including proposals related to school funding, social services, and a potential reinstatement of a corporate head tax. #taxes #poll