Illinois’ comeback story starts here.

2.1 Million, 34% of Tax Filers in Illinois Pay No Federal Income Tax

2.1 Million, 34% of Tax Filers in Illinois Pay No Federal Income Tax

by Brian Costin An interesting study from the Tax Foundation released earlier this week showed that 34% of Illinois citizens who filed a tax return paid no taxes on their income, slightly below the national average of 36%. 2.1 Million out of the state’s 6.1 million filers were able to reduce their income tax liability to...

Institute in the Chicago Sun-Times: Stop Pension Borrowing Plan

Institute in the Chicago Sun-Times: Stop Pension Borrowing Plan

The lack of leadership from elected officials in our state reared its ugly head again this week. Illinois will likely be stuck with another unbalanced budget, thanks in large part to two retiring GOP legislators.

$750K to Peabody Investments Corp

$750K to Peabody Investments Corp

In fiscal year 2009, the Department of Commerce and Economic Opportunity gave Peabody Investments Corp a $750,000 Coal Competitiveness Program grant.

How ‘Bout Them Cuts?

How ‘Bout Them Cuts?

The Illinois House of Representatives fails to pass significant spending reforms.

$108K Grant to the Southern Recycling Center

$108K Grant to the Southern Recycling Center

In fiscal year 2009, the Department of Commerce and Economic Opportunity disbursed $108,000 of a $120,000 grant to the Southern Recycling Center.

Private Sector Salaries Shrinking

Private Sector Salaries Shrinking

by Kate Piercy According to a USA TODAY analysis of government data, “paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year.” On the other hand, government-provided benefits, including Social Security and unemployment insurance, for example, rose to record high levels during the first three...

Budget Battle Update: Borrow!

Budget Battle Update: Borrow!

The Illinois House of Representatives is considering plans to borrow our way out of the state's budget mess.