New Tax and Fee Hike Proposals in Illinois
Prices for services like DoorDash, Uber, and Ticketmaster, as well as toll roads in Illinois, may increase to cover a potential $1.5 billion in taxes for Illinois transit agencies.
A real estate transfer tax for homes in the Chicago suburbs is also being considered. The Regional Transit Authority (RTA), which oversees the Chicago Transit Authority, Metra, and Pace, is facing a budget crisis as federal pandemic funds are depleted.
The RTA faces a $230 million fiscal gap next year, following a significant boost in spending from emergency COVID funds. As one perspective notes, downstate residents should not be penalized for years of fiscal mismanagement by a transit system they do not use.
Illinoisans who do rely on public transit shouldn’t be nickeled and dimed when they already shoulder some of the highest combined tax burdens in the nation.
Author's summary: Illinois proposes new taxes and fees to cover transit agency shortfalls.
More News
- ASU Football shocks No. 7 Texas Tech after late game-winning drive - The Arizona State Press
- Fernandez beats Valentova in three sets to win singles crown at Japan Open
- The study that estimates the numbers of Russian dead in Ukraine at 219,000
- The constitution nobody wanted
- Canucks score 3 first-period goals, hang on to trip Capitals 4-3
- Redistricting Task Force grapples with Vermont's 'uniqueness'