Federal tax changes could pressure Illinois to repeal death tax
Federal tax changes could pressure Illinois to repeal death tax
A repeal of the federal estate tax would make it imperative that Illinois get rid of its own state death tax to avoid losing even more residents and income to other states.
By Michael Lucci
Local worker freedom law upheld in Kentucky, making worker freedom more likely for Illinois
Local worker freedom law upheld in Kentucky, making worker freedom more likely for Illinois
Illinois may soon be surrounded by Right-to-Work states.
By Michael Lucci
New overtime rules in AFSCME contract could save $111 million if implemented
New overtime rules in AFSCME contract could save $111 million if implemented
With AFSCME and the state at impasse for a new contract, the governor can implement his last offer to the union. That offer includes overtime pay after employees work the market norm of 40 hours in a week – as opposed to the 37.5 hour workweeks AFSCME demanded. Adjustments to overtime pay will save the state $111 million over the term of the contract.
By Mailee Smith
October jobs report: +2,200 jobs, but workforce dropout and unemployment rise
October jobs report: +2,200 jobs, but workforce dropout and unemployment rise
New IDES data show that Illinois’ overall jobs growth was weak for October. While the greater Chicago area had tepid jobs growth over the year, the rest of the state lost jobs.
By Michael Lucci
Illinois metro jobs data tell a tale of two states
Illinois metro jobs data tell a tale of two states
Metropolitan jobs data show that from September 2015 – September 2016 the greater Chicago area is up approximately 49,000 jobs, while the rest of the state is down 6,000 jobs.
By Michael Lucci
A sorry state: Illinois’ economy in 2017
A sorry state: Illinois’ economy in 2017
Since the end of the recession, only 5 out of Illinois’ 13 metro areas – Carbondale-Marion, Chicago, Kankakee, Lake County-Kenosha County and Springfield – have recovered all the private-sector jobs lost from the Great Recession.
By Orphe Divounguy
National election results give Rauner opportunity for Medicaid overhaul
National election results give Rauner opportunity for Medicaid overhaul
The time is ripe to offer private insurance options to needy Illinoisans through premium-assistance programs and Medicaid savings accounts.
By Ted Dabrowski, Craig Lesner
Aldermen rubber stamp Rahm’s 2017 budget
Aldermen rubber stamp Rahm’s 2017 budget
Despite the heavy burden Mayor Rahm Emanuel’s 2017 budget imposes on Chicago taxpayers, not a single alderman voted against it.
Madigan’s millions: Why the speaker should release his tax returns
Madigan’s millions: Why the speaker should release his tax returns
Every dollar Madigan earns back for his corporate clients makes someone else’s property-tax bill go up.
By Austin Berg
Lawsuit challenges Chicago’s unconstitutional Airbnb ordinance
Lawsuit challenges Chicago’s unconstitutional Airbnb ordinance
Airbnb has reported that about 4,800 Chicagoans are Airbnb hosts, and they earn an average of $5,300 per year renting out their homes through the service.
State of Illinois’ pension debt jumps to $130 billion
State of Illinois’ pension debt jumps to $130 billion
Illinois households are now on the hook for $27,000, up 17 percent from 2015.
By John Klingner
Time to take action on Illinois’ manufacturing meltdown
Time to take action on Illinois’ manufacturing meltdown
More than 6,000 Illinois manufacturing jobs disappeared in 2015.
By Austin Berg