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’ uneven recovery reflects national trends, but also raises important questions about the state’s economic future ahead of a key tax hike vote.
Why is Illinois construction so weak? As it turns out, big government programs can’t paper over weak fundamentals.
Station owners said Illinois businesses were damaged July 1 when the gasoline tax doubled. Tax increases are keeping Illinois pumps quiet and cooling cigarette sales.
A vinyl graphics business in southwestern Illinois wasn’t planning to downsize. But the state’s $15 minimum wage hike has forced the owners to cut six jobs.
Estimates from the governor’s office suggest the minimum wage increase will add $1.1 billion to the state payroll, courtesy of Illinois taxpayers.
Illinois Gov. J.B. Pritzker has said his first year deficit is $3.2 billion, but he intends to spend hundreds of millions more than planned under previous baseline budgeting.
The owner of a growing book printing company faces a greater threat from out-of-state competitors thanks to lawmakers in his home state. Calls for a $15 minimum wage and progressive tax could hurt his workers and business in southern Illinois.
The Illinois House voted for a statewide $15 minimum wage – adding $1.1 billion to the state payroll, courtesy of Illinois taxpayers.
As Pritzker’s minimum wage bill advances to the House, the new administration’s first major victory may come with a $1.1 billion price tag, courtesy of Illinois taxpayers.
As Pritzker’s minimum wage bill advances to the Senate floor for a vote, the new administration’s first major victory would come with a $1.1 billion price tag, courtesy of Illinois taxpayers.