Highest inflation in 40 years deals Illinoisans $2,900 pay cut
Highest inflation in 40 years deals Illinoisans $2,900 pay cut
Wages have failed to keep up with inflation, dropping Illinoisans’ purchasing power by $2,900 on average.
Wages have failed to keep up with inflation, dropping Illinoisans’ purchasing power by $2,900 on average.
Illinois Gov. J.B. Pritzker touted a six-month delay in the next automatic gas tax hike as “tax relief.” But since he assumed office, the gas tax he raised has taken an extra $277 from every person in Illinois.
Chicago aldermen lacked the votes to repeal Mayor Lori Lightfoot’s lower speed camera ticketing threshold responsible for nearly $80 million in fines.
Forecasts predict Illinois public pension debt will grow despite the funds having one of their best investment years ever in 2021.
Gov. Pritzker and Mayor Lightfoot are out on national and international tours, respectfully, touting their recent economic wins. But Illinoisans left at home face a dire jobs market: 1 in 6 jobs lost during COVID are still missing in Chicago and Illinois. Bryce Hill joins the Policy Shop to discuss the state’s economy and what...
Chicago’s speed cameras issued 3.8 million tickets since Mayor Lori Lightfoot lowered the threshold before a citation is written. That is like everyone in Chicago getting 1.4 tickets in 16 months.
Chicago Mayor Lori Lightfoot’s decision to tie property taxes to inflation in 2020 is coming back to bite taxpayers.
“The city needs to just find another way to raise money besides nickel-and-diming safe drivers.”
Chicago reported more traffic deaths in the first six months of 2022 than in any year since 2017, despite speed cameras issuing over 1 million tickets – as many tickets as Chicago has households. Two-thirds of the fines were for speeding 6-10 mph.
Illinois is one of the states with the most to gain from the continued national jobs recovery, but could be hit harder than other states by a recession.
This edition of The Policy Shop is written by Adam Schuster, vice president of policy at the Illinois Policy Institute. The numbers don’t lie. Our recent polling shows 61% of Illinois voters want pension reform. A big factor? Taxpayers contribute 84 cents of every dollar public pensioners receive in retirement. Our elected leaders in Illinois seem...