The Illinois state legislature this week is debating several versions of a tax break package aimed at incentivizing corporations to remain in Illinois. Community groups have responded with strong opposition to aspects of the current plan.
The report released by Inspector General Joe Ferguson on Monday that documents developers being forced to donate taxpayer dollars to the politically-connected After School Matters underscores the point that the TIF system must be reformed.
It is troubling that Chicago taxpayer money was abused so egregiously by city officials. Even more worrisome, the city continues to lack transparency in TIF deals, allowing the continued possibility of corruption in taxpayer dollars.
Constituents in the 10th congressional district are calling out U.S. Rep. Bob Dold (R) for holding a town hall meeting with little notice. The town hall meeting will take place tomorrow morning at 11 a.m. at the Wheeling Park District Rec Center, located at at 333 W. Dundee.
According to the Wheeling Township Democratic Organization (WTDO), the town hall meeting will cover the issues of jobs, taxes, and the economy.
Dubbed the “Give It Back Rally,” organizers estimate that 5,000 people
showed up to protest against corporate businesses outside the annual
Chicagoland CFO Executive Summit at the Hyatt Regency downtown.
rally lasted about an hour, shutting down parts of Wacker Drive and
Michigan Avenue during the evening rush hour to accommodate the
relatively peaceful protest, with officers policing on bicycles, cars,
SUVs, horses, and segways.
Jesse Jackson made a surprise appearance and
the event also had its own Twitter account mocking "corporate welfare kings." See our video of the sights
and sounds after the jump.
Those paying attention to the happenings with local corporations are
likely getting whiplash from all the comings and goings in the state of
The movements in the state have been especially magnified since
Illinois raised the personal income tax rate from 3 percent to 5 percent
and the corporate rate from 4.8 percent to 7 percent in January.
Check out the quick scorecard Progress Illinois has pulled together of the jobs set to be lost or gained as of lately.