taxes

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

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

This year, legislators have proposed a number of different taxes to fund public transportation. #vetosession

The nationwide scam involves urgent texts claiming a tax refund has been processed and instructing recipients to provide or verify their personal banking details. #scams

Alderman Samantha Nugent asked to see a $3 million budget analysis prepared for the city by Ernst & Young. Alderman Brendan Reilly repeated Nugent’s question to Chicago Budget Director Annette Guzman. #deficit

“It's extremely difficult to start and grow a new business in Illinois because everything that the Democrat majority does leads to higher costs, more regulation and more restriction,” Halbrook, R-Shelbyville, told The Center Square. #business