Illinois personal income growth 2nd lowest in U.S. since Great Recession

By Bryce Hill
01/09/2020
Only Mississippi has fared worse than Illinois in personal income growth since the Great Recession hit at the end of 2007. Analysis shows state income taxes matter.

TAGS: corporate income tax, flat is fair, flat tax, graduated income tax, Great Recession, Illinois, Illinois General Assembly, income, income growth, income tax, JB Pritzker, labor, labor force, marginal tax, personal income, population, population growth, population loss, progressive income tax, recession, Springfield, tax burden

Illinois cannabis taxes among nation’s highest, could keep black market thriving

By Austin Berg
01/09/2020
Springfield lawmakers have yet to learn the lesson that money walks. And it’s not just to other states. Sometimes, it walks past the legal dispensary with a 40% tax rate and into a dealer’s house.

TAGS: black market, Chicago, Cook County, decriminalization, high taxes, Illinois, Illinois General Assembly, legalization, marijuana, medical marijuana, recreational marijuana, Springfield, tax burden, taxes, THC

Absent pension crisis, Illinois could afford ‘free’ college

By Adam Schuster
12/10/2019
Illinois could give every undergraduate in public college nearly $70k a year if it spent the same 4% of its budget on pensions as it did throughout the 90s, rather than the 25% it spends today.

TAGS: college, DCFS: Department of Children and Family Services, general revenue fund, Illinois, Illinois General Assembly, illinois state police, pension costs, pension crisis, pension debt, savings, Springfield, state university, students, tax burden, undergraduate

Up to 140,000 able-bodied Illinoisans may need jobs to get food stamps in 2020

By Vincent Caruso
12/05/2019
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.

TAGS: criminal justice reform, Donald Trump, food stamps, Foundation for Government Accountability, Illinois, Illinois General Assembly, job creation, jobs, jobs growth, labor force participation rate, Michigan, National Conference of State Legislatures, over-regulation, regulation, regulations, small business, SNAP, Springfield, tax burden, unemployment, West Virginia, Wisconsin