Keep investing in Illinois’ Invest in Kids tax credit scholarships

By Amy Korte

12/08/2021

Illinois state lawmakers resisted efforts to cut tax credit scholarships in Illinois, instead extending the program. Now low-income and minority students need them to make the scholarships permanent so they can get the educations that best fit their needs.

TAGS: education, ILGA: Illinois General Assembly, JB Pritzker, private schools, school, school choice, tax credit scholarships, tax credits, taxes

Making Illinois’ tax credit scholarships permanent will let more students excel

10/18/2021

Illinois state lawmakers can give low-income students the security of an education that best fits their needs by making the Tax Credit Scholarship a permanent fixture.

TAGS: Illinois, Invest in Kids, school choice, tax credits

Illinois’ film tax credit program is theatrically bad

By Austin Berg

08/02/2019

Illinois’ film tax credit program is a slap in the face to the state’s small business community outside the spotlight, does little to grow good jobs and is rife with corruption.

TAGS: Cinespace, film subsidies, JB Pritzker, small business, tax credits, taxes

Illinois strikes out on Amazon HQ2

By Brad Weisenstein

11/15/2018

Amazon picked two of the 20 remaining cities to split its $5 billion, 50,000-job HQ2, with a third city receiving 5,000 jobs. Illinois struck out on all three.

TAGS: Amazon, EDGE: Economic Development for a Growing Economy, jobs, tax credits

Sears files for bankruptcy despite decades of Illinois tax breaks

By Janelle Cammenga

10/16/2018

Sears, a long-time beneficiary of Illinois tax credit programs, has filed for Chapter 11 bankruptcy.

TAGS: bankruptcy, EDGE: Economic Development for a Growing Economy, pensions, Sears, Sears Centre, tax credits

One of Illinois’ top tax credit recipients to shutter 1,000-employee HQ

By Austin Berg

09/11/2018

Illinois issued more than $60 million in EDGE tax credits to Takeda Pharmaceuticals from 2003 to 2013, more than any other company received over that time.

TAGS: EDGE: Economic Development for a Growing Economy, jobs, tax credits, unemployment

Auto parts company to create 100 new Illinois jobs for $1.2M in tax breaks

By Janelle Cammenga

09/06/2018

Following $3.7 million in EDGE tax credits Illinois awarded the company last year, Flex-N-Gate is set to receive a $1.2 million tax break to boost its Danville workforce.

TAGS: Danville, EDGE: Economic Development for a Growing Economy, tax credits, taxes

Taxpayer-subsidized manufacturer shutters Illinois plant

By Joe Kaiser

08/28/2018

Despite years of taxpayer subsidies, rail car manufacturer Nippon Sharyo has closed its Rochelle plant – pointing to a reality some politicians don’t want to face.

TAGS: EDGE: Economic Development for a Growing Economy, Nippon Sharyo, Ogle County, Rochelle, tax credits

Small business owners give Illinois an ‘F’ in friendliness

By Vincent Caruso

08/20/2018

A recent survey found Illinois to be the least accommodating state in the nation for small businesses.

TAGS: EDGE: Economic Development for a Growing Economy, income tax, progressive income tax, regulations, sales tax, small business, tax credits, taxes

Illinois families catching crossfire in scholarship fight

By Austin Berg

05/17/2018

Despite that booming demand, there are political efforts afoot to crush the scholarship program.

TAGS: education, Invest in Kids, school choice, tax credits

Fixing Illinois pension crisis by amending nation’s most-restrictive pension law is legal, effective

Illinois is home to one of the worst pension crises in the country.1 At 39% funded, according to the nonpartisan Pew Charitable Trusts, Illinois has the worst pension funding ratio of any state.2 By contrast, neighboring Wisconsin’s pension system is 103% funded.3 In fiscal year 2022, Illinois’ total general funds pension costs, including pension bond...

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Fixing Illinois pension crisis by amending nation’s most-restrictive pension law is legal, effective

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Cathy Stuehmeier

Process for unionizing non-state workers raises red flags

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students