If an Illinois worker takes a pay cut during a recession, she knows the state isn’t going to take an even bigger chunk out of her paycheck. That’s because the state income tax rate stays the same. But if her home loses value, too, she could still see her property tax bill go up. Government...View Report
This is an important step in outpacing neighboring states, and for embracing an innovative, entrepreneurial culture in Illinois.
Illinois needs to pass a law to create space for this financial innovation, allowing families to invest in local businesses through crowdfunding.