2015 State Business Tax Climate Index: Illinois drops to 31st
2015 State Business Tax Climate Index: Illinois drops to 31st
Illinois’ burdensome tax climate for businesses will continue to hold the state back from creating jobs and growing the economy in 2015. The Tax Foundation issued its 2015 State Business Tax Climate Index, reporting that Illinois dropped two positions in the ranking since last year, to 31st from 29th. Prior to 2011, Illinois steadily ranked...
By Robert Steere
Outside money pours into communities to pass sales-tax hikes
Outside money pours into communities to pass sales-tax hikes
The public school district in Jacksonville, Illinois, is criticizing fellow Illinoisans for educating residents about a significant sales-tax increase proposal on the ballot – a tax increase that would drive up the cost of gas, clothes, prepared food, electronics and more. School district officials called the Illinois Policy Institute a “Chicago based” group, when we’re...
By illinoispolicy
The top three things McHenry County taxpayers need to know about ‘free’ ObamaCare money
The top three things McHenry County taxpayers need to know about ‘free’ ObamaCare money
The McHenry County Board recently took a brave stance by voting to reject “free” money for Affordable Care Act enrollment, but it’s unclear whether the board’s decision will stand. At issue is almost $585,000 in grant money that is being doled out by the state (but originated with the federal government) to the McHenry County...
By Naomi Lopez Bauman
Illinois food stamps hit 2014 high
Illinois food stamps hit 2014 high
More than one in five Illinois households are dependent on food stamps.
By Michael Lucci
Chicago cellphone taxes highest in nation
Chicago cellphone taxes highest in nation
Everywhere they look, Chicagoans see ads urging them to switch their cellphone service. One major provider urges customers to purchase a four-line family plan with all the texting, talking and data one could possibly use for only $100 per month. But the ad fails to mention that a Chicago family would actually have to pay...
By Robert Steere
Illinois’ true unemployment rate: 18.1 percent
Illinois’ true unemployment rate: 18.1 percent
The unemployment rate is a state’s most closely monitored indicator of economic health. The Illinois unemployment rate rose sharply through the Great Recession, and continues to fluctuate and trend downward as a result of both economic growth and a shrinking workforce. Illinois’ working-age adult population, from which the workforce is drawn, has grown by nearly...
By Michael Lucci
Manufacturing a comeback
Manufacturing a comeback
Illinois’ economy needs a real comeback to get the state back to work. To address what is needed for a sustainable recovery, policymakers should look at one of Illinois’ primary pain points: the manufacturing sector. The recession caused Illinois to lose 116,800 manufacturing jobs from January 2008-January 2010. After that, Illinois began a weak manufacturing...
By Michael Lucci
10 tips to be a better local government watchdog
10 tips to be a better local government watchdog
Only 28 percent of Illinois residents trust their state government, the lowest rate in the country by far. Since the days of Al Capone, the words “Illinois” and “Chicago” have been synonymous with government corruption. In order to change the narrative and restore trust in our state and local government we must fight public corruption head...
By Brian Costin
Illinois Tollway fees a good example of how Illinois politicians interpret ‘temporary’
Illinois Tollway fees a good example of how Illinois politicians interpret ‘temporary’
In the past two years, the Illinois Tollway Authority has filed lawsuits totaling $11 million against drivers who didn’t pay tolls – a fee that was originally sold to the public as “temporary.” When the Illinois Tollway was originally created in 1953, lawmakers used the revenue to pay for the original bonding needed to build...
By Matt Paprocki
Waukegan strike shows need for labor law reform
Waukegan strike shows need for labor law reform
Waukegan Public Schools have been closed for more than three weeks because of a teacher strike called by the Lake County Federation of Teachers. At this point, the acrimony between the union and the administration must be severe; and the children who attend the district’s schools, along with a lot of teachers, are stuck in...
By Paul Kersey
Memphis set to embrace 401(k)-style pension reform
Memphis set to embrace 401(k)-style pension reform
401(k)-style retirement plans are becoming the new normal in state and local pension reform efforts. Six states have passed 401(k)-style reforms since 2008 – with Oklahoma passing a 401(k)-style reform plan for new workers earlier this year. Memphis, Tennessee, is the most recent example of a city pushing to take politicians out of the retirement...
By Benjamin VanMetre
Insurers’ ObamaCare escape hatch
Insurers’ ObamaCare escape hatch
Insurers wouldn’t participate in the federal health exchange without an escape clause protecting them from the possibility that IRS subsidies would be ruled illegal, according to industry news. It was a smart move, as that possibility just got more likely in recent weeks. At issue is what the plain text of Section 1401 of the Affordable Care...
By Naomi Lopez Bauman
Chicago’s budget includes higher tax rates for parking, vehicle leasing and cable TV
Chicago’s budget includes higher tax rates for parking, vehicle leasing and cable TV
Mayor Rahm Emanuel delivered his 2015 Chicago budget proposal to the City Council last week. He did so expressing pride that he did not increase property taxes, sales taxes or the gas tax – the big three taxes that support the city budget. That said, his budget proposal continues to nickel-and-dime Chicago taxpayers with new...
By Robert Steere