Budgets and Taxes

1+ day, 5+ hour ago   (1558+ words) Last summer, Republican Darren Bailey had no plans to make a second run for governor after a 12-point loss to Democratic Gov. JB Pritzker in 2022. But Bailey said he changed his mind when he saw the Republican field developing slowly…...

5+ day, 22+ hour ago   (220+ words) Across the Chicago metropolitan area, taxpayers are seeing property tax increases, despite city and county officials not voting to increase base taxes on properties in three decades. These increases are directly caused by tax increment financing districts, according to the…...

6+ day, 1+ hour ago   (573+ words) Read Time: 3 minutes Illinois sports betting operators extended their billion-dollar run in July. The 2026 FIFA World Cup also helped drive a sharp increase in wagering activity. Online and retail sportsbooks accepted $1.05 billion in wagers during July. That figure represented a…...

1+ week, 1+ day ago   (389+ words) Illinois tax officials have released draft rules that explain how the state’s new digital asset transaction tax would work. The rules cover stablecoins, decentralized finance platforms, crypto bridges and transfers to personal wallets. The tax rate is set at 0.2%. The…...

1+ week, 1+ day ago   (221+ words) Illinois’ draft rules spell out how its 0.2% digital asset transaction tax would apply to stablecoins, DeFi platforms, crypto bridges and self-custody transfers. Illinois tax officials have published draft rules detailing how the state’s already-enacted 0.2% digital asset transaction tax would apply…...

1+ week, 1+ day ago   (387+ words) Illinois wants to charge an unprecedented 0.2% tax on crypto transactions whether traders are in profit or loss. The law is scheduled to take effect on January 1, 2027, but is currently facing public, corporate, and lawmaker resistance. On September 29, the Illinois Department…...

1+ week, 2+ day ago   (209+ words) A powerful bloc of 29 Chicago aldermen is demanding no property tax or corporate head tax increases as the city heads into a high-stakes budget fight with Mayor Brandon Johnson. CHICAGO - Chicago is getting ready for another big fight over the…...

1+ week, 2+ day ago   (513+ words) Twenty-nine city council members opened the first major clash of this year's budget season on Monday. The group sent a letter to Mayor Brandon Johnson outlining demands that set up a potential showdown over how to close a projected shortfall…...

4+ week, 1+ day ago   (380+ words) The Blockchain Association, Crypto Council for Innovation, and Digital Chamber are challenging a first-of-its-kind state tax on digital asset business activities Illinois just became the testing ground for a question no other state has dared to answer: can you single…...