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Quick Hit
by Ellyn Fortino
3:17pm
Wed Feb 12, 2014

Ralph Martire: Illinois School Funding Reform Must Include Changes To Tax Policy

Reforming Illinois' public education funding system has to include fixes to the state’s tax policy, argued Ralph Martire, executive director of the Center for Tax and Budget Accountability, at a DePaul University education forum Tuesday evening.

“For decades, Illinois has denied an adequate education to the vast majority of its school children, and it’s set up a structurally-racist system of education finance that specifically singles out African Americans and Latinos for very poorly funded education,” Martire said at the discussion about equity in education. “To fix that, we need to raise taxes the right way.”

PI Original
by Ellyn Fortino
4:57pm
Tue Feb 11, 2014

Candidates In Crowded 40th District Race Talk Pension Reform, Other Issues

From taxes to public education funding to statewide pension reform, the six candidates vying to represent Illinois' 40th District on Chicago's Northwest Side laid out their positions on a number of issues at a public forum Monday night. Progress Illinois was there for the forum.

Quick Hit
by Ellyn Fortino
5:02pm
Thu Jan 16, 2014

State Report: Expiration Of Income Tax Hike Would Increase Budget Shortfalls, Bill Backlog

    A recent forecast from Gov. Pat Quinn's budget office shows that Illinois could face significant revenue losses and budget deficits in the coming years if the temporary income tax hike phases out, as it is scheduled to do January 1, 2015.

Quick Hit
by Ellyn Fortino
1:53pm
Wed Nov 20, 2013

Ald. Burns Introduces Chicago Corporate Tax Disclosure Ordinance

Ald. Will Burns (4th) wants all publicly-traded corporations seeking subsidies or contracts from the city of Chicago to publicly disclose the amount they pay in Illinois income taxes as well as any tax breaks they receive. 

Burns introduced the Chicago Corporate Responsibility and Tax Disclosure Act at Wednesday's city council meeting. Under the proposed measure, big corporations asking for city actions, subsidies and contracts would also have to report net and taxable income.

Alds. Pat Dowell (3rd), Leslie Hairston (5th), Roderick Sawyer (6th), Natashia Holmes (7th), Toni Foulkes (15th), Ricardo Munoz (22nd), Deb Mell (33rd), Michele Smith (43rd), James Cappleman (46th), Ameya Pawar (47th), Harry Osterman (48th) and Joe Moore (49th) have signed on as co-sponsors to the measure thus far. Leaders with the Fair Economy Illinois coalition are also in support of the proposed ordinance, which has been sent to the Finance Committee.

"We are increasingly turning into a society, which in the words of Martin Luther King, Jr. takes necessities away from the many and gives luxuries to the few," Fair Economy Illinois leader Rev. Marlan Branch of St. James AME Church said before Wednesday's council meeting. "The city of Chicago spends millions of dollars each year subsidizing and contracting with big corporations. Those corporations have a particular responsibility to support the common good, which should include publicly disclosing the corporate income tax they pay to the state of Illinois."

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