House Bill 2622 would create a state-run workers’ compensation insurance company using a $10M loan from the Illinois Workers’ Compensation Commission Operations Fund.
The budget plan proposed by Republican General Assembly members would raise taxes by over $5 billion without enacting any significant spending reforms.
A new report from the Illinois Department of Employment Security shows Illinois had a modest net gain of 2,400 jobs in May, but still has fewer jobs today than before the Great Recession began.
Lawmakers need to enact comprehensive property tax reform to provide relief for overburdened state taxpayers.
Local spending drivers need to be reformed to truly relieve taxpayers of Illinois’ highest-in-the-nation property taxes.
Illinois needs to begin an end to its pension crisis by expanding access to a standalone 401(k)-style plan to all government workers; the new proposal by the House GOP does not accomplish this.
1,120 of the jobs lost were in manufacturing and food processing.
Compared with Illinois’ pre-recession average, permits for new single-family and multiunit housing are down more than 60 percent.
The Republican plan hits Illinoisans in fiscal year 2018 with the same $5 billion-plus tax hike from the “grand bargain” plan that failed in May. That plan starts with a 33 percent income tax increase, and includes questionable new taxes on services such as Netflix, laundry services and more.
Sears Holdings has dropped below the job threshold necessary to qualify for the $15 million in annual state tax credits for which it was once eligible.
Lake County lies about 40 miles north of Chicago’s congested urban landscape. With more than 100 lakes within county lines, the place is aptly named and offers a stark contrast to the nearby city. The Rev. Lisle Kauffman, looking over one of those lakes – Round Lake – still admires it more than four decades...
The Lakewood Village Board’s decision to end a 2015 TIF district is a win for local taxpayers.
Illinois’ total state economic activity has increased by only 4 percent since 2007, which is lower than the U.S.’ 10 percent GDP growth during the worst decade of the Great Depression.