It is not uncommon for a president’s signature policy to unanimously make every news outlet’s top stories of the year list. But when that policy provides late-night talk show fodder and comedy sketch parody material for the same policy would be. Beating out the George Zimmerman trial, the birth of a royal baby and the...
Lawmakers failed to keep their promise to pay down the state’s bills despite the fact that they are still raking in billions in new money from the 2011 tax hike. In fact, Illinois’ unpaid bills are slated to reach $9 billion during the Christmas season this year. When the Illinois General Assembly passed a record...
Nice list Many local taxing bodies in Illinois took a giant leap forward in 2013 when it comes to improving online transparency. And many local officials worked with the Illinois Policy Institute to meet our online transparency standards, per the 10-Point Transparency Checklist. Our report “Obstructed views: Illinois’ 102 county online transparency audit” showed that...
Michael Jordan may have paid $178,900 in property taxes on his Highland Park home in 2012. But his property taxes aren’t even enough to cover the annual pension of Highland Park’s highest-compensated retired Teachers’ Retirement System member. Linda Hanson, 66, is a former Highland Park Township High School District 113 superintendent who has been retired...
Illinois’ unemployment rate fell to 8.7 percent in November from 8.9 percent a month prior, according to the U.S. Bureau of Labor Statistics. Illinois still has the fourth-highest unemployment rate in the nation, behind only Nevada, Rhode Island and Michigan. The state gained 9,400 payroll jobs over the month, while the number of unemployed Illinoisans...
You’re not using Styrofoam. Not if you’re eating takeout, drinking a soda or chugging a Dunkin’ Donuts coffee. These disposable food and beverage containers are made from polystyrene. Not Styrofoam. But the public has long confused these two products. (Disclaimer: my last post did not accurately represent Styrofoam, either.) Dow Chemical, the company that produces...
Gov. Pat Quinn is pitching a plan that would effectively cut out young and inexperienced labor from the work force, and further exacerbate youth unemployment in the state. The governor revealed in a Wednesday press conference that he is seeking to raise the minimum wage from $8.25 to $10, lifting the barrier to entry for...
Wisconsin Gov. Scott Walker recently expressed interest in eliminating his state’s income tax. Walker realizes this move will give Wisconsin a competitive edge in competing for jobs and attracting new business. This new reform would add to important steps that state already has made, including labor reforms in late 2011 that helped the state’s budget...
Thanks to Chicago’s high travel taxes, spending one night in the city is more expensive than all other top 50 travel destinations in the nation. For example, it is 81 percent more expensive to stay one night in Chicago than it is to stay one night in Fort Lauderdale, Fla. Businesses take such numbers into...
Illinois has high sales taxes. As of January 2013, Illinois had the 12th-highest combined state and average local sales tax rate in the country at 8.13 percent – higher than all bordering states. Chicago’s combined sales tax rate of 9.75 percent tied with Los Angeles as the highest sales tax among major U.S. metropolitan areas...
Illinois’ property tax rates have skyrocketed since 2010. The average property tax rate as a percent of home value has soared from 1.93 percent in 2010 to 2.28 percent in 2012. This represents an 18 percent property tax rate increase in just two years. This rate spike is due to declining home values and local taxing bodies increasing property tax levies....
To paraphrase political humorist P.J. O’Rourke, “Giving the Obama administration control over one-sixth of the economy is like giving whiskey and car keys to teenage boys.” Last night provided yet another example of ObamaCare rollout chaos. The Obama administration announced that people who had their plans canceled by ObamaCare regulations (because they were inferior plans,...
Would you invest your mother’s money in municipal bonds? In a recent interview on Fox Business News, host Gerri Willis asked me that very question. It didn’t take me long to say I’d certainly do my homework first. Based on the growing number of city bankruptcies from Alabama to Rhode Island to California, it’s clear to me...
If navigating the ObamaCare website or filling out the applications weren’t challenging enough, some in Illinois and around the country are facing yet another challenge. USA Today reports that some people are being mistakenly enrolled into Medicaid. Not only are individuals improperly enrolled in Medicaid faced with the problem of canceling that enrollment, but they...