High taxes and business surcharges are hurting Illinois residents

Willie Wilson  |  August 24, 2023

"We must ask this question regarding all the taxes and fees we pay: What are we getting for our tax dollars? A 2021 report by Truth in Accounting, a government finance watchdog group, ranked Illinois 48th in the country in terms of fiscal health; only New Jersey and Connecticut were worse. The report concluded that Illinois had about $39 billion available to pay nearly $250 billion worth of bills. The group gave Illinois an “F” in terms of the state’s finances. The city of Chicago also received an “F” for its fiscal health. According to the report, Chicago had $48.6 billion in bills and only $9.9 billion in available assets to pay those bills after capital and restricted assets were excluded."


Read the full article on: Chicago Tribune

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