While J.B. Pritzker has not released a detailed tax plan of his own, reasonable cost estimates suggest the tax hike required to pay for the candidate’s spending promises would require doubling Illinois’ state income tax rate and cost the state an estimated 132,000 jobs and $31.3 billion in forgone GDP.View Report
Decatur City’s city manager is on his way to take the same post in Bloomington, and with it a raise that will push his income above 49 of the nation’s 50 governors.
Seven metro areas across the state lost jobs over the month.
The insurer will downsize its IT division in Bloomington while adding tech jobs in other states.
The Brandt Group of Companies inked a deal through Illinois’ state tax credit program and will receive property tax abatements from multiple local governments.
Cities and villages across the state are raising taxes or implementing new ones for a variety of functions, from attracting a fast-food restaurant to catching up on rising pension costs.