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
A real estate investment deal arranged by a firm that employed former Mayor Richard M. Daley’s nephew has dealt a blow to Chicago’s cash-strapped pension funds, underscoring the need for a 401(k)-style alternative.
Illinois will not diverge from its path of poor growth until lawmakers realize the failures of recent tax hikes.
Illinois has been ranked third-to-last for business friendliness in three straight surveys of CEOs.
Illinois is poised to lead the crowdfunding revolution.
The village of Tinley Park has doubled-down on its investment in a privately managed restaurant within the 80th Avenue Metra station, voting this month to give $57,000 to Parmesans Station for a new pizza oven, according to the Chicago Tribune. In 2012, the village fronted a $600,000 investment for the restaurant space to complement the...