Due to its poor financial health and lagging economy, Illinois carries unique economic and fiscal risks from a prolonged market downturn or recession. The state must act now to mitigate harm from COVID-19.View Report
Illinois’ political leadership learned nothing from the Blagojevich nightmare. And now it may be coming back to bite them.
The nation’s corruption capitol will see one of its most infamous political figures return home.
Just Cook County food stamp recipients were facing work requirements Jan. 1 if they were under age 50, able-bodied and had no dependents. Now the rules will apply throughout Illinois starting April 1.
This Thanksgiving, about 17,500 more Illinoisans will be using food stamps. By New Year’s, about 50,000 Cook County recipients must find jobs or lose benefits.
The former Illinois governor is halfway through his 14-year sentence for corruption-related charges.
According to one estimate, Chicago Alderman Ed Burke is trying to cut the property tax bill for Trump Tower by more than $3 million.
One change in federal tax code – and Illinois lawmakers’ response to it – could decide the economic trajectory of the state.
Illinois will need more foreign investment, and major reforms to the state’s business climate, in order to get off the weak economic path it now treads.
Local lawmakers should consider Trump’s plan and position the state to thrive under federal changes.
The corporate tax reforms under President Donald Trump’s proposed tax plan could strengthen Illinois’ position as a home for businesses, but the state’s uncompetitive income, property and death tax policies would put its residents at an even greater disadvantage with respect to other states if the president’s plan passes.