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A little more than halfway into Fiscal Year 2007, the state has already raked in approximately a half-billion more in tax revenue than it had by this time last year. According to ITEF’s examination of the Illinois Comptroller’s revenue records, total revenue for the State of Illinois in the first seven months of FY2007-beginning July 1, 2006, and ending January 31, 2007-rose 1.7% or $555 million, from $32.8 billion in the first seven months of FY2006 to $33.3 billion.  This 1.7% revenue increase is more than the 1.1% rate of inflation for the same period. Read more

State Tax Revenue On The Rise For 5th Straight Year But Tax Hogs Want More

A little more than halfway into Fiscal Year 2007, the state has already raked in approximately a half-billion more in tax revenue than it had by this time last year. According to ITEF’s examination of the Illinois Comptroller’s revenue records, total revenue for the State of Illinois in the first seven months of FY2007-beginning July 1, 2006, and ending January 31, 2007-rose 1.7% or $555 million, from $32.8 billion in the first seven months of FY2006 to $33.3 billion. This 1.7% revenue increase is more than the 1.1% rate of inflation for the same period. Read more

The Naperville Sun ran a story that quoted our own Jim Tobin calling for a halt to the millionaire pensions our teachers and administrators are sucking out of taxpayers pockets. State Sen. Chris Lauzen (R-Aurora) introduced a bill to cap pensions at $100,000, which is better than no cap at all.
Click here to view the article.

CHICAGO-The president of Illinois’ largest taxpayer group today stated that officials from J. Sterling Morton High School District 201 are acting just like the children in their schools, if not worse. When a child is told no when demanding money, they will try the other parent and then perhaps even a grandparent. Well, the voters have told District 201 NO at the last two elections. They didn’t listen to those votes and are asking for the third time in 12 months for the same $15 million they want but don’t need. Read more